UI Boustead REIT's New Project Could Boost Distributions From FY 2029 -- Market Talk

Dow Jones
05/28

0159 GMT - UI Boustead REIT's new development project is likely to boost its distributions from FY 2029, says UOB Kay Hian's Jonathan Koh in a note. The real-estate investment trust is taking a 51% stake in the development of a build-to-suit integrated aerospace facility in Singapore, which should improve its exposure to the aerospace and automotive sectors, the analyst says. The project is likely to start contributing from 1Q FY 2029, the analyst adds. Another asset in development in Japan could also help boost results from 1Q FY 2028. UOB KH therefore raises its FY 2029 distribution per unit projection by 3.0% to 7.3 Singapore cents. The brokerage lifts its target price to S$1.17 from S$1.13 and retains a buy rating. Units rise 2.55% to S$0.805. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

May 27, 2026 21:59 ET (01:59 GMT)

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