Daiwa House Logistics Trust - DBS Research 2022-01-24: Rising Asian Logistics Specialist

Daiwa House Logistics Trust - Rising Asian Logistics Specialist

Published:
DAIWA HOUSE LOGISTICS TRUST (SGX:DHLU) | SGinvestors.ioDAIWA HOUSE LOGISTICS TRUST (SGX:DHLU)
  • We initiate our coverage of Daiwa House Logistics Trust (SGX:DHLU) with a target price of S$0.95. Some of the catalysts we see emerging are
    1. ~12% upside to portfolio valuations,
    2. enlarged debt headroom that could support more than S$200m in debt-funded acquisitions, and
    3. - Read this at SGinvestors.io -

Initial portfolio of modern logistics properties spread across Japan.

  • Daiwa House Logistics Trust holds a mandate to invest directly or indirectly in income-producing logistics and industrial real estate assets located across Asia. While Daiwa House Logistics Trust’s initial portfolio is anchored by stabilised Japanese properties, the REIT’s investment focus will be to invest in assets across Asia that have stable incomes, high occupancies, and are DPU accretive to unitholders.
  • - Read this at SGinvestors.io -
  • As at 1 October 2021, all of the assets were fully occupied, with the exception of the DPL Sendai Port, and the overall portfolio occupancy rate stands at 96.3%.

Resilient cashflow underpinned by long WALE and blue-chip tenant base.

  • Read more at SGinvestors.io.




Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.




Dale LAI DBS Group Research | Derek TAN DBS Research | https://www.dbs.com/insightsdirect/ 2022-01-24



Read also DBS's most recent report:
2024-02-28 Daiwa House Logistics Trust - Optimising Gearing For Growth.

Previous report by DBS:
2023-08-04 Daiwa House Logistics Trust - Portfolio Operating At Full Capacity.

Price targets by other brokers at Daiwa House Logistics Trust Target Prices.

Listing of research reports at Daiwa House Logistics Trust Analyst Reports.

Relevant links:
Daiwa House Logistics Trust Share Price History,
Daiwa House Logistics Trust Announcements,
Daiwa House Logistics Trust Dividends & Corporate Actions,
Daiwa House Logistics Trust News Articles





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