Basic Profile & Key Statistics
Key Indicators
Performance Highlight
Gross revenue and NPI improved YoY, primarily driven by contributions from DPL Ibaraki Yuki and D Project Tan Duc 2, acquired in 2024. However, the weakening JPY against SGD partially offset these gains. Meanwhile, distributable income and DPU declined YoY due to lower realized foreign exchange gains and higher finance expenses.
Rental Reversion
DHLT achieved a weighted average rent reversion of approximately 5% for FY24.
Acquisition
In July 2024, DHLT completed the acquisition of D Project Tan Duc 2 in Vietnam, marking its first property outside Japan.
Related Parties Shareholding
REIT Sponsor's Shareholding: ModerateREIT Manager's Shareholding: Less FavorableDirectors of REIT Manager's Shareholding: Favorable
Lease Profile
Committed Occupancy: ModerateIncome Received in SGD/Major Currencies: Less FavorableHighest Annual Lease Expiry in 4 Years: FavorableWALE: FavorableWeighted Average Land Lease Expiry: Favorable
Debt Profile
Adjusted Interest Coverage Ratio: ModerateCost of Debt: FavorableGearing Ratio: ModerateFixed Rate Debt Proportion: FavorableUnsecured Debt Proportion: ModerateHighest Annual Debt Maturity
