Basic Profile & Key Statistics
- Main Sector(s): Logistics & Retail
- Country(s) with Assets: Japan
- of Properties (exclude development/associate/fund): 14
Key Indicators
Performance Highlight
Despite gross revenue and NPI are lower than forecast due to weaker JPY/SGD forex, the distributable income is able to meet the IPO forecast.
Rental Reversion
YTD rent reversion is at 2.9%.
Acquisition
DHLT has proposed to acquire 2 new properties and an underlying land of existing property. The acquisition is expected to be DPU accretive and would be funded by a combination of sponsor subscription and external borrowing. EGM would be held in December to seek unitholders' approval for this.
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 20%; Falls in 2024
- Weighted average land lease expiry: ± 10% from median
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