Performance Highlight
Gross revenue and NPI rose year-on-year, driven by contributions from acquisitions in 2024 and 2025, including D Project Tan Duc 2 and DPL Gunma Fujioka. However, distributable income and DPU declined due to higher interest expenses and lower realized foreign exchange gains.
Rental Reversion
DHLT achieved a weighted average rent reversion of approximately 10% in 1H FY25, with positive reversion across all leases renewed or signed during the period.
Acquisition
In March 2025, DHLT completed the acquisition of DPL Gunma Fujioka in Greater Tokyo at a 23.4% discount to valuation. The property is occupied by a new blue-chip tenant and is expected to be DPU-accretive.
Related Parties Shareholding
REIT Sponsor's Shareholding: Less FavorableREIT Manager's Shareholding: FavorableDirectors of REIT Manager's Shareholding: Less Favorable
Lease Profile
Committed Occupancy: ModerateHighest Annual Lease Expiry in 4 Years: FavorableWALE: FavorableWeighted Average Land Lease Expiry: Moderate
Debt Profile
Adjusted Interest Coverage Ratio: FavorableCost of Debt:
