It’s been a long wait, but Singapore is finally having its first REIT IPO this year. Daiwa House Logistics Trust (DHLT) is offering 244.4 million shares at S$0.80 apiece to raise a total of S$575.5 million. This IPO is a welcome move for Singapore Exchange Limited (SGX: S68) which has seen a dearth of listings this year as market sentiment remained weak. The previously-touted UK commercial properties REIT by City Developments Limited (SGX: C09) has been pushed to early next year pending market conditions. And Temasek-owned Mapletree Investments was also floating the idea of a REIT comprising student accommodation assets back in April, but there was no further news on this. In this context, the new DHLT IPO is a welcome relief. Income-focused investors now have yet another option when this new REIT debuts this week on the local bourse. Here are five aspects you should know about this IPO and the sustainability of its projected distribution per unit (DPU) yield.