UI Boustead Reit posts maiden DPU of S$0.0371, a shade ahead of IPO forecast
This is despite missing its net property income forecast by 1.8%
UI Boustead Reit, the real estate investment trust, disclosed on Tuesday its maiden distribution per unit (DPU) of S$0.0371, just 0.8% above its initial forecast of S$0.0368. The financial results pertain to the period from July 3, 2025, to September 30, 2026. This comes despite the real estate investment trust’s net property income falling short of expectations by 1.8%, amounting to S$54.5 million compared to the projected S$55.5 million.
The annualized distribution yield, based on the September 30 closing price of S$0.81 per unit, amounts to 8.3%. The first distribution will be distributed to unitholders on December 7, 2026, after the November 4 record date. CEO Tan Shu Lin highlighted the Reit’s ability to execute on its differentiated investment strategy through two co-development projects in Singapore and Japan, leading to higher returns on a risk-mitigated basis.
The group’s diversified portfolio and proactive capital management efforts also contributed to the credible financial results.
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