KGI Securities' Joel Ng is maintaining his ‘neutral’ stance and target price of 48 cents on SoilBuild Business Space REIT (SBREIT). “Since our last report in May 2020, SBREIT’s unit price has recovered to its pre-Covid levels of 50 cents, and we think that upside potential is limited fr...

The manager of Soilbuild Business Space REIT (Soilbuild REIT) has reported a distribution per unit (DPU) of 1.10 cents for 3QFY2020 ended Sept 30. This brings the REIT’s DPU for the nine months to 2.728 cents. Gross revenue for the quarter rose 8.0% y-o-y to $1.7 million due to the $3.1 million hi...

SOILBUILD Business Space Reit (Soilbuild Reit) reported a 16.5 per cent increase in net property income to S$19.7 million for the third quarter to September.

THE non-executive director of Soilbuild Business Space Reit's manager, Lim Chap Huat, has entered into a non-binding term sheet in relation to a possible transaction involving his interests, and those of his three sons Lim Han Feng, Lim Han Qin and Lim Han Ren in the real estate investm...

SINGAPORE (July 16): The manager of Soilbuild Business Space REIT (Soilbuild REIT) has declared a distribution per unit (DPU) of 0.745 cents for 2Q20 ended June, a 36.8% drop from the DPU of 1.179 cents a year ago. The manager has retained $1.6 million of capital distribution. Had the amount been de...

SINGAPORE (June 25): As retail businesses and F&B outlets have resumed operations in Phase 2 of the reopening of Singapore’s economy, new opportunities in the real estate investment trusts (REITs) sector have appeared. UOB KayHian’s top five picks are CapitaLand Mall Trust, Frasers Centrepoi...

SINGAPORE (June 22): The manager of Starhill Global REIT announced that Lendlease Global Commercial REIT has been added to the FTSE Singapore All Cap Index and the Benchmark Index on Monday. The Benchmark Index is relevant to the determination of the performance fee that may be paid to the manager u...

THE following companies saw new developments that may affect trading of their shares on Monday:

SOILBUILD Business Space Reit has secured a S$80 million green loan to refinance its Solaris@one-north project in Singapore’s Fusionopolis district, the manager said on Friday night.

SINGAPORE (May 11): On May 5, OCBC Credit Research pointed out that Lippo Mall Indonesia Retail Trust did not accrue distributions to perpetual holders under its statement of distribution. Then came this announcement: “From May 11, 2020, Maybank Kim Eng will cease financing for Lippo Malls, this ...