- In FY23, Daiwa House Logistics Trust (SGX:DHLU)'s revenues and NPI, denominated in JPY terms, recorded a notable increase of 4.7% and 4.6% y-o-y, respectively.
- This growth was primarily attributed to the full-year contribution from properties acquired in December 2022, namely DPL Iwakuni 1 & 2, and D Project Matsuyama S. The acquisitions were estimated to have added ~S$2.2m in revenues during the year.
- - Read this at SGinvestors.io -
FY23 DPU of S$0.0522 came in above our projections.
- Despite the lower FY23 NPI in S$ terms, distributable income showed a 3.1% increase y-o-y, amounting to S$36.4m. This growth was primarily attributed to realised gains from hedging activities, and it is estimated that Daiwa House Logistics Trust achieved an average hedge rate of approximately S$1:JPY100 during FY23.
- - Read this at SGinvestors.io -
- See Daiwa House Logistics Trust's distribution dates.
Achieved 100% occupancy and retention rate.
- 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/ 2024-02-28
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,
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