Boustead REIT opened for trading this afternoon as of 12 March 2026 and tragedy struck immediately. Retail investors who subscribed for units @S$0.88 per unit during its recent IPO made an immediate loss with opening price of S$0.805 per unit which is a grave <8.5%> decline. I believed that the banker's stabilising manager have stepped in to keep up the price and thus trading in range of S$0.805-S$0.820 per unit. At its current price, dividend yield will be close to an impressive 8% per annum. Nevertheless, my personal thoughts is be careful that Boustead may just be a dividend trap.
Please see my review of Boustead REIT during its IPO here:
