Soilbuild REIT rallies amid news of stake transfer


Despite a general correction in the unit prices of Singapore REITs on 1 September, Soilbuild REIT is bucking the trend with a strong rally in the early trading session.

As at the mid-day break, the unit price of Soilbuild REIT is up by close to 6% at SGD0.45.

This implies a distribution yield of about 7%, according to data compiled on the Singapore REITs table.

Soilbuild REIT is a Singapore-listed industrial REIT with a portfolio of 11 properties across Singapore, and two properties in Australia.

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