Shares & Derivatives
Daiwa House Logistics Trust Review @ 28 February 2023
By REIT-TIREMENT  •  February 28, 2023
Basic Profile & Key Statistics
  • Main Sector(s): Logistics & Retail
  • Country(s) with Assets: Japan
  • of Properties (exclude development/associate/fund): 16
Key Indicators Performance Highlight Gross revenue and NPI are lower than IPO forecast due to the impact of weaker JPY/SGD forex. However, distributable income and DPU are able to meet the forecast mainly due to lower finance expenses, trust expenses and realized exchange gain. Rental Reversion Rental reversion is at 3% for FY22. Divestment Acquisition of DPL Iwakuni 1 & 2, D Project Matsuyama S and underlying freehold land of D Project Iruma S were completed on 8 Dec 2022. Distribution Breakdown
  • Distributable Income Breakdown:
    • 4% from Operation
    • 6% from Fees Payable/Paid in Units
  • Distribution = 99.9% of Distributable Income
  • Distribution to Perpetual Securities Holder = 2.7% of Distributable Income
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
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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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