Shares & Derivatives
Daiwa House Logistics Trust Review @ 5 June 2022
By REIT-TIREMENT  •  June 5, 2022
Basic Profile & Key Statistics
  • Main Sector(s): Logistics & Retail
  • Country(s) with Assets: Japan
  • of Properties (exclude development/associate/fund): 14
Performance Highlight Despite gross revenue being slightly lower than forecast, NPI, distributable income and DPU are slightly higher than forecast. Consumption Tax Loan On 28 Apr, DHLT has repay the consumption tax loan and subsequently, gearing was lowered to 32.2%. Related Parties Shareholding
  • REIT sponsor's shareholding: Below median for more than 20%
  • REIT manager's shareholding: 0%
  • Directors of REIT manager's shareholding: Below median for more than 20%
Lease Profile
  • Occupancy: ± 5% from medianAdvertisements
  • WALE: Above median for more than 20%
  • Highest lease expiry within 5 years: Below median for more than 10%; Falls in 2024
  • Weighted average land lease expiry: ± 10% from median
Debt Profile
  • Gearing ratio: ± 10% from median (below median for more than 10% after repayment of consumption tax loan)Advertisements
  • Gearing ratio including perps: ± 10% from median (below median for more than 10% after repayment of consumption tax loan)
  • Cost of debt: Below median for more than 20%
...
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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