Soilbuild Reit taps into Singapore’s hunger for dividends as books open for $370m IPO
In what is the third Singaporean real estate investment trust IPO launch in a month, Soilbuild Business Space Reit opened the books to its S$469m ($370m) IPO on July 30 at an indicative price range of S$0.77-S$0.80.
That gives it a forecast dividend yield of 7.5% to 7.8% for 2014, a premium to the 6.7% and 6.65% given out by its closest comparables, Aims Amp Capital Industrial Reit and Mapletree Industrial Trust.
While recent Reits from Singapore Press Holdings Reit and Overseas Union Enterprise Hospitality
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.