0450 GMT - UI Boustead REIT likely offers a high-quality portfolio with a blue-chip tenant base, Maybank Research's Krishna Guha says in a research report. The portfolio's strategically located assets within established industrial clusters in Singapore and Japan cater to reputable tenants in high-tech and innovation-driven sectors, which augur well for income resilience and organic growth, the analyst says. The portfolio offers visible organic distribution-per-unit growth of 4.8% for FY 2027, thanks to factors including built-in rental escalations of 2.8%. Maybank Research initiates coverage of the REIT with a buy rating and a target price of 1.03 Singapore dollars. Units are 0.6% higher at 0.80 Singapore dollar. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 02, 2026 00:50 ET (04:50 GMT)
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