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An update from UI Boustead REIT ( (SG:UIBU) ) is now available.
UI Boustead REIT has lifted its overall portfolio committed occupancy to 92.2% as at 30 April 2026, from 89.4%, after renewing and signing new leases for 305,292 square feet of space, representing 5.7% of portfolio NLA. Occupancy gains were broad-based, with the Singapore portfolio improving to 97.1%, driven by strong take-up at 26 Tai Seng Street and significant pre-commitment of around 40% of net lettable area at AUMOVIO Building Phase 3 ahead of asset enhancement works.
In Japan, committed occupancy rose to 83.2%, underpinned by full take-up at Toyo MK Fuso Building and higher occupancy at UIB Konan Phase 2, where a further 12.7% of space is in advanced leasing negotiations. The manager has also moved to contain operating risks by locking in electricity tariffs for Singapore assets for three years and maintaining a conservative capital structure, with 37% aggregate leverage, about half the debt on fixed rates, and no refinancing needs until FY 2029, supporting income visibility for unitholders amid energy and interest-rate volatility.
More about UI Boustead REIT
UI Boustead REIT is a Singapore-listed real estate investment trust focused on logistics, industrial, hi-specs industrial and business space assets across Asia Pacific, with an initial concentration on Singapore and Japan. Its portfolio comprises 23 properties with about 5.9 million square feet of gross floor area and an agreed property value of approximately S$1.9 billion, managed by UIB REIT Management Pte Ltd, a subsidiary of Pan-Asian logistics and industrial platform UIB Holdings.
Average Trading Volume: 13,788,165
Learn more about UIBU stock on TipRanks’ Stock Analysis page.