UI Boustead REIT - UOB Kay Hian 2026-06-15: Aerospace Tenants Deepen Presence In Singapore

• UI Boustead REIT (SGX:UIBU) benefits from growth of its aerospace tenants in Singapore. The high-value automotive, aerospace & avionics sector is projected to account for 22.1% of rental income post-completion of Seletar Aerospace Road 1.

Bombardier establishes third facility in Singapore.

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

UIBREIT cementing its lead in aerospace & avionics.

• UI Boustead REIT is developing a build-to-suit integrated aerospace facility with NLA of 252,113sf and development value of S$104m at SAP. It holds a 51% stake in the co-development, while Boustead Singapore owns the remaining 49% stake. The facility will be fully leased to a leading global aerospace corporation on a triple net basis for 22.5 years with built-in rental escalations at 2-3%.

• The development provides yield on cost of 8.6%, which is 120bp above UI Boustead REIT’s projected FY27 NPI yield of 7.4% for its Singapore portfolio. Its exposure to the high-value automotive, aerospace & avionics sector is expected to expand from 19.3% to 22.1% of rental income.

Reinforcing UIBREIT’s presence within SAP.

• Read more at SGinvestors.io.

Jonathan Koh CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2026-06-15

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