This IPO, which raised $973.6 million, is priced at 88 cents each, which implies a price/NAV of 1.0 time and projected distribution yield of 7.8% for FY2027.
The IPO of UI Boustead REIT is 3.3 times subscribed.
A total of 677,175,200 units were sold, with 33.9 million units sold to retail investors.
