Life is funny sometimes. We went 20 months without any IPOs on the SGX main board. And then in the span of 1 week, we get 2 great IPOs. We covered Temasek Retail Bonds yesterday, and a lot of you have asked for this – so today we’ll review Daiwa House Logistics Trust IPO. Is this REIT IPO any good? Worth subscribing? Let’s find out! Basics: What is Daiwa House Logistics Trust? From the Prospectus (emphasis mine): “DHLT is a Singapore real estate investment trust established with the investment strategy of principally investing in a portfolio of income-producing logistics and industrial real estate assets located across Asia. The initial portfolio of DHLT will comprise 14 high quality modern logistics properties in Japan with an appraised value of approximately JPY 80,570.0 million or S$952.9 million and an aggregate net lettable area (“NLA”) of approximately 423,920...
