Here is a brief overview of Daiwa House Logistics Trust (DHLT) that had just officially IPO-ed:

• The IPO Price was S$0.80(Ticker SGX:DHLU)
• Forecasted distribution yield for 2022 is 6.5%
• There will be 244.4m units on offer in total. Public tranche of 25.0m units and placement tranche of 219.4m units
• The total number of Units in issue immediately after close of the offering will be 675m units. This implies a market capitalisation of S$540m
• Underpinned by Sponsor’s stake of 14.0% as well as subscription of the perpetual securities of S$35.5m
• Well subscribed IPO indicates positive investor sentiments
• Opening price of S$0.805further affirms investor interest and support amidst the new virus variant in Africa causing concern and triggering risk-off moves in equity markets

DHLT’s Property Portfolio The DHLT IPO Portfolio is comprised of 14 modern high quality logistics warehouses across Japan. The DPL brand facilities are multi-tenanted properties while D Project facilities are single-tenanted build to suit properties with customisations such as...