This will be just a short post. Basically, I view Mapletree Logistics Trust as a bellwether logistic S-Reit listed in Singapore.

The recent announcement of the Daiwa House Logistics Trust IPO made me think about how it compares to MLT. Daiwa House Logistics Trust’s (DLHT) public offer will close on Wed Nov 24, 2021) at 12.00 pm.  The REIT will commence trading on a “Ready” basis on Fri Nov 26, 2021 at 2.00 pm.

Disclaimer: I am currently vested in MLT.

Did the simple comparison table below. In summary, the NAV and Price/NAV of Daiwa House Logistic Trust appear low. Its gearing ratio should as stated by their CFO drop to 33.1% (read here). Daiwa’s WALE (by NLA) at 7.2 years