Guess what UIC's profit saving grace will be

That's over the next years.

According to DBS, over the next 2 years, UIC’s earnings will likely be boosted by resumption of residential earnings as well as recurrent leasing income.

It would be recognising residential billings from V on Shenton as well as the office component when completed.

Here's more from DBS:

V on Shenton (539,626sf GFA) is currently 60% sold at an ASP of S$2,071psf. Based on the cost allocation between the office and residential parts, we reckon that the group could achieve a residential PBT margin of at least 30% when fully sold.

Apart from leasing contributions from Singland, which makes up 90% of total leasing income, UIC also generates rental income from West Mall shopping centre as well as Stamford Court.