Monday, June 12, 2023

Daiwa House Logistics Trust

  Chart wise,  bullish mode!

A nice breaking out of 0.595 plus high volume she may likely rise up to test 0.65. 

Yearly dividend of 5.22 cents.  Yield is 8.8%. Low gearing,  wale is 6.9 years. I think it is trading at a great value price level of 0.59.

Not a call to buy or sell!

Pls dyodd.

 Daiwa House Logistics Trust (DHLT) is a Singapore real estate investment trust (REIT) listed on the Singapore Exchange Securities Trading Limited (SGX-ST). The REIT is established with the investment strategy of principally investing, directly or indirectly, in a portfolio of income-producing logistics and industrial real estate assets located across Asia. DHLT’s investment focus will be to invest in logistics and industrial real estate assets in Asia, in particular, within Japan as well as in the ASEAN region.

DHLT’s key objectives are to provide Unitholders with regular and stable distributions, and to achieve long-term growth in DPU and net asset value per Unit, while maintaining an optimal capital structure and strengthening the portfolio in scale and quality.

DHLT is managed by Daiwa House Asset Management Asia Pte. Ltd., a wholly-owned subsidiary of the Sponsor, Daiwa House Industry Co., Ltd., a leading real estate player in Japan.

Occupancy % rate of 98.6. Gearing 36.2%. Wale 6.9 years. First quarter Distributable Income increased 2.5% to 9.1m. 

Yearly dividend of 5.22 cents( half yearly basis ) . Yield is 9% base on current price of 0.58.

NAV of 0.77 . 

It looks like a gem for this Logistics reit focusing in Japan of which was being sold down due to high interest rate situation. 

I think gd value is presenting at the current price level!

Pls dyodd.

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