SGX Stocks and Warrants

Author: kimeng   |   Latest post: Mon, 19 Aug 2019, 10:59 AM


Soilbuild REIT: 4Q18 Results Above Expectations

Author:   |    Publish date:

Soilbuild REIT’s 4Q18 results were above expectations, with 4Q18 DPU increasing 16.5% QoQ and 4.9% YoY to 1.451 S cents.

4Q18 gross revenue and NPI increased 24.3% and 15.3% YoY respectively, mainly due to

  1. liquidation proceeds received from Technics Offshore Engineering,
  2. conversion of Solaris into a multi-tenanted property and
  3. maiden contribution from two Australian properties.

On a full-year basis, FY18 DPU fell 7.5% YoY to 5.284 S cents or 105% of our full-year forecast.

Rental reversions came in at -12.6% for new and renewal leases in 4Q18 and -8.6% for those in FY18.

We keep our BUY rating on Soilbuild REIT but place our fair value of S$0.665 under review pending further details from this morning’s briefing.

Source: OCBC Research - 22 Jan 2019

Share this

Related Stocks

Chart Stock Name Last Change Volume 
SoilbuildBizReit 0.575 -0.005 (0.86%) 531 

  Be the first to like this.


142  135  176  649 

Top 10 Active Counters
 LionGold 0.0010.00 
 YZJ Shipbldg SGD 0.97-0.04 
 Rex Intl 0.076-0.002 
 ThaiBev 0.89+0.005 
 TEE Intl 0.072-0.001 
 Genting Sing 0.8950.00 
 SingTel 3.22+0.03 
 ESR-REIT 0.51-0.01 
 Ascott Reit 1.30+0.02 
 Golden Agri-Res 0.285-0.005 
Partners & Brokers