The industrial REIT space is proving challenging for investors looking for dividends. With the economy doing not so well, it has been a struggle for businesses to rent more space when business is affected.
This proved a challenging environment for the industrial REIT manager to retain their lessors, not to mention keep overall net property income good.
This will prove a good environment for the shareholders and prospective dividend investors to access the performance of the manager.
Soilbuild Business Space REIT is a relatively new industrial trust with much of its properties in business park with a average portfolio land lease of more than 45 years and weighted average lease expiry of 4.7 years.
It should compete with Cambridge, Sabana and Aims Amp in the smaller industrial REIT space. (Do check out how they fair in terms of net debt to asset and dividend yield at my Dividend Stock ......