Daiwa House Logistics Trust H2 DPU Drops 10.3% to S$0.0234

Daiwa House Logistics Trust Reports S$0.0234 DPU for Second Half

The manager of Daiwa House Logistics Trust on Friday (Feb 28) posted a distribution per unit (DPU) of S$0.0234 for its second half ended Dec 31, down 10.3 per cent from S$0.0261 in the previous corresponding period.

Distributable Income and Revenue

Its H2 distributable income stood at S$16.4 million, down 10 per cent from S$18.2 million in FY2023.

Gross Revenue and Net Property Income

Its half-year gross revenue stood at S$29.5 million, up marginally by 2 per cent from S$29 million previously. The trust’s net property income inched up 2.1 per cent to S$22.7 million from S$22.2 million in the year-ago period.

Unit Price

Units of Daiwa were trading 0.9 per cent or S$0.005 lower at S$0.58 as at 9.32 am on Friday.

Conclusion

In conclusion, Daiwa House Logistics Trust has reported a DPU of S$0.0234 for its second half, down 10.3 per cent from the previous corresponding period. The trust’s distributable income and revenue have also decreased, although gross revenue and net property income have shown marginal increases.

FAQs

1. What is the DPU of Daiwa House Logistics Trust for its second half? S$0.0234
2. How has the trust’s DPU changed compared to the previous corresponding period? Down 10.3 per cent
3. What is the trust’s H2 distributable income? S$16.4 million
4. How has the trust’s gross revenue changed compared to the previous period? Up marginally by 2 per cent
5. What is the current unit price of Daiwa? S$0.58

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