Today we’re talking about the upcoming REIT IPO that’s been popping up everywhere on Singapore investing circles: UI Boustead REIT (SGX: UIBO). And I want to be upfront about the approach I’m taking in this video, because IPOs can get very noisy, very quickly. A lot of investors will talk about the sponsor name, the glossy pictures of the buildings, and the headline yield. Not that they are not exciting, quite the converse - with Boustead being the sponsor, huge pipeline of properties, and a headline yield of 7.8%, interest is high. But for long term income investors like us, the only thing that matters is whether the cash flow is real, resilient, and worth the price we’re paying. So we have to examine the property mix, the WALE, and crucially, the part that stood out to me immediately — the portfolio’s committed occupancy. So in this video, I’m going to explain clearly what the REIT is, what you’re actually buying, why the yield is attractive, where the risk is hiding, how it stacks up against other “smallish” industrial and logistics REITs in Singapore, and then I’ll give you The Dividend Uncle’s Take — including whether I intent to subscribe, and the risks I’ll be watching like a hawk. As always, a reminder that this video is for informational purposes only and not financial advice. Always do your own research and consult a licensed financial adviser before making any investment decisions. I own some of the REITs discussed, but what works for me may not work for you. Let’s get started....