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.
Dear subscribers, please login to continue reading this article.