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Daiwa House Logistics Trust Review @ 17 August 2023
By REIT-TIREMENT  •  August 17, 2023
Basic Profile & Key Statistics
Main Sector(s): Logistics & RetailCountry(s) with Assets: Japan
No. of Properties (exclude associate/fund): 16

Key Indicators

Performance Highlight
Gross revenue and NPI have declined YoY due to the weaker JPY against SGD. However, distributable income and DPU increased slightly resulting from a realized foreign exchange gain due to forward and lower finance costs.

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Related Parties Shareholding

REIT Sponsor's Shareholding: Below median by 20% or moreREIT Manager's Shareholding: Below median by 20% or moreDirectors of REIT Manager's Shareholding: Below median by 10% or more

Lease Profile

Committed Occupancy: ± 5% from medianWALE: Above median by 20% or moreHighest Lease Expiry within 5 Years: ± 10% from median; Falls in 2024Weighted Average Land Lease Expiry: ± 10% from median

Debt Profile

Gearing Ratio: ± 10% from medianGearing Ratio including Perps: ± 10% from medianCost of Debt: Below median for more than 20%Fixed Rate Debt %: 100%Unsecured Debt %: 0%WADM: Below median by 10% or
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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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