UI Boustead REIT targets 7.4% FY 2026 yield
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UI Boustead REIT is set to begin trading on the SGX Mainboard on March 12, targeting a distribution yield of 7.4% for FY2026. The IPO, priced at $0.88 per unit, aims to raise approximately $1 billion, leading to a market capitalization of about $1.2 billion. The portfolio includes 23 properties valued at $1.9 billion, with 71.2% located in Singapore. Current occupancy stands at 89.4%, and the top 10 tenants contribute 54% of net property income. The listing will increase the number of industrial S-REITs to eight in Singapore.
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