UI Boustead REIT has launched its initial public offering IIPO) on the mainboard of the Singapore Exchange (SGX), raising SGD973.6 million in what is the first REIT IPO in 2026.
The REIT, which focuses on logistics, industrial and business space assets, is offering 677,175,200 units at SGD0.88 per unit, representing a price-to-net-asset-value of 1.0 times.
Investors are being offered a distribution yield of 7.4% for the forecast period ending 31 March 2026, rising to 7.8% for the projection year ending 31 March 2027, with an expected total return of 12.2% from organic growth.
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