Shares & Derivatives
Daiwa House Logistics Trust’s 2H FY23 Result Review
By REIT-TIREMENT  •  March 13, 2024
Basic Profile & Key Statistics Key Indicators Performance Highlight Gross revenue and NPI have declined year-over-year primarily due to the weakening of JPY against SGD. However, distributable income improved over the same period due to realized gains from exchange hedging. DPU, however, remained unchanged due to a slightly larger unitholder base. Acquisition The acquisitions of DPL Ibaraki Yuki and D Project Tan Duc 2 are expected to be completed by 1Q and 2Q respectively. Related Parties Shareholding The REIT sponsor and REIT manager hold a relatively low proportion. Lease Profile Committed occupancy is at 100% and WALE is long. Debt Profile The debt profile presents a mixed picture. Positive aspects include a high adjusted interest coverage ratio, low cost of debt, and 100% fixed-rate debt. Less favorable aspects include a short WADM, 0% unsecured debt, and a high proportion of perpetual securities. Diversification Profile The portfolio is geographically diversified but concentrated in terms of properties and tenants. Key Financial Metrics Operating distributable income...
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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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