Soilbuild REIT to Be Taken Private at S$0.55 Per Unit

News about Soilbuild Business Space REIT

Soildbuild Group and Blackstone Real Estate have partnered to take Soilbuild REIT private, with an offer to buy out unit holders at S$0.55 per unit:

In a press statement on Monday, the offeror noted that Soilbuild Reit's ability to undertake distribution per unit (DPU)-accretive acquisitions has been limited, partly due to its high DPU yield, which has hindered its ability to bid competitively for third-party assets.

Soilbuild Business Space REIT
Price0.540 SGD
NAV0.590 SGD
Yield (4 quarters)6.76%
Gearing36.8%