UI Boustead REIT presented its strategic update at the JP Morgan Real Assets Forum on Jul, 2 2026, detailing a portfolio of 23 logistics, industrial and business-space properties in Singapore and Japan with an agreed property value of about 1.904 billion Singapore dollars.

The trust reported committed occupancy of 92.2 per cent across 5.3 million square feet of net lettable area and a weighted average lease expiry of 5.8 years as at Apr, 30 2026. Singapore assets account for 71.2 per cent of portfolio value, while Japanese properties contribute 28.8 per cent.

UI Boustead REIT said approximately 69.2 per cent of gross rental income is derived from tenants in high-tech and value-add sectors such as electronics, life sciences and aerospace. The top ten tenants contribute roughly 54 per cent of net property income and have an average lease term of 8.4 years; nine of these tenants are either Fortune 500 or publicly listed companies.

The manager highlighted built-in rental escalation clauses covering about 72.3 per cent of financial period 2026 leases and 70.3 per cent of projection year 2027 leases, supporting average annual rental growth assumptions of 3.3 per cent and 2.3 per cent respectively. Occupancy optimisation is underway at several multi-tenanted assets, including 26 Tai Seng Street in Singapore and UIB Konan Phase 2 in Japan.

Prudent capital management was reiterated, with aggregate leverage of 37.0 per cent and a weighted average debt maturity of about 4.1 years. No refinancing is required until fiscal year 2029, and approximately half of borrowings are on fixed rates at an all-in cost of around 2.5 per cent per annum.

Growth initiatives include a 24.26 per cent co-investment in the 84.1 million Singapore dollars UIB Konan Phase 3 logistics development in Shiga Prefecture, due for completion in 2Q 2027, and a 51 per cent stake in a 104.0 million Singapore dollars build-to-suit aerospace facility at Seletar Aerospace Park with an estimated yield on cost of 8.6 per cent.

The sponsor also identified a 640,147-square-foot, Green Mark Platinum logistics facility in Tuas valued at roughly 220.0 million Singapore dollars as an immediate acquisition candidate for the REIT.