0452 GMT - UI Boustead Real Estate Investment Trust's strong earnings visibility seems supported by organic income growth, say DBS Group Research's Dale Lai and Derek Tan in a note. Around 70% of the logistics and industrial-focused REIT's leases have built-in rent increases, the analysts note. This could support around 5.7% distributable income growth in FY 2026-FY 2027, they add. Rising occupancy across several properties could also support income gains, they say. DBS starts coverage of UI Boustead REIT with a buy rating and S$1.05 target price. Units rise 0.65% to S$0.775. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
May 21, 2026 00:52 ET (04:52 GMT)
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