27 Jul 2026 08:40:41 ET │ 12 pages UI Boustead REIT (UIBO.SI) Strong Occupancies Underpin Stable Income CITI'S TAKE We expect UI Boustead REIT's (UIBREIT) first set of results (since listing on 12-Mar-26) to have a neutral share price reaction, given the limited financial disclosures, while the NPI miss (vs. IPO forecast) should be neutralized by a beat on JV results and significant improvement in occupancies (especially at 2 Japan properties which are now 100% from >76% vs. 9 months ago) since Sep-25. UIBR ...