0439 GMT - UI Boustead REIT stands to benefit from positive rental adjustments, UOB Kay Hian's Jonathan Koh says in a research report. Another tailwind is built-in rental escalations across leases, which further supports the REIT's organic growth, the analyst says. A third tailwind is active backfilling of vacant spaces at its 26 Tai Seng Street property in Singapore and at its UIB Konan Phase 2 facility and Toyo MK Fuso Building in Japan, which is expected to boost occupancy to near full levels by FY 2027. The REIT invests in income-producing business space, hi-specs industrial, logistics and general industrial properties. The brokerage initiates coverage of the REIT with a buy rating and a target price of S$1.16. Units are 0.6% higher at S$0.825. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 27, 2026 00:39 ET (04:39 GMT)
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