UI Boustead REIT on Aug, 13 2026 released a business update for the period from Mar, 12 2026 to Jun, 30 2026.

The trust reported gross revenue of 37.179 million Singapore dollars, 3.6% below the forecast of 38.577 million Singapore dollars, and net property income of 29.167 million Singapore dollars, 4.3% under the projected 30.478 million Singapore dollars. Share of results from joint ventures reached 3.292 million Singapore dollars, exceeding the forecast by 30.3%.

As at Jun, 30 2026, the portfolio comprised 23 properties in Singapore and Japan with an agreed property value of 1.904 billion Singapore dollars, committed occupancy of 98.1% and a weighted average lease expiry of 5.4 years. Net lettable area totalled about 5.3 million square feet.

During the quarter UI Boustead REIT committed 74.7 million Singapore dollars to two development projects, representing roughly 3.9% of deposited property, and commenced a 2.6 million Singapore dollar asset-enhancement initiative at 84 Boon Keng Road.

Aggregate leverage stood at 36.4% and the weighted average all-in cost of debt was 2.5% per annum, with 67% of borrowings fixed and a weighted average debt maturity of 3.9 years. The trust said it has approximately 300 million Singapore dollars of debt headroom before reaching a 45% gearing threshold.

For the Singapore portfolio, rental reversions were positive at 2.6%, helped by business space assets recording a 3.4% uplift and hi-specifications industrial assets rising 0.4%.

The REIT’s top ten tenants, all Fortune 500 or listed companies, contributed about 47% of June 2026 net property income and have a combined weighted average lease expiry of 7.8 years.

UI Boustead REIT noted that roughly 78% of leases expiring in the remaining months of FY2027 are already under advanced negotiations.