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    Real estate investment trusts
Daiwa House Logistics Trust

Daiwa House Logistics Trust

SSGX:DHLU
0.40
SGD
0.00
(0.00%)
336.56MMarket Cap
Feb 26Next Earn
2018 Y
2019 Y
2020 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.06
0.09
0.11
- -
0.09
0.08
0.08
- -
Basic EPS, GAAP
0.01
0.03
0.04
- -
0.06
0.05
0.05
- -
Free Cash Flow per Basic Share
- -
- -
-0.05
- -
0.06
0.06
0.06
- -
Dividend per Share
- -
- -
0.03
- -
0.05
0.05
0.05
- -
Book Value per Share
- -
- -
0.81
0.85
0.8
0.74
0.7
0.68
Tangible Book Value per Share
- -
- -
0.81
0.85
0.8
0.74
0.7
0.68
Basic Weighted Avg Shares
675
675
675
676
692
697
699
700
Sales/Revenue/Turnover
41
59
71
- -
60
57
58
- -
Operating Margin (%)
63.26
67.42
64.51
- -
65.96
67.42
69.21
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
8
20
27
- -
43
35
36
- -
Effective Tax Rate (%)
15.11
14.55
15.61
- -
12.85
16.05
14.55
- -
Profit Margin (%)
18.86
33.38
38.16
- -
72.38
60.78
61.69
- -
Working Capital
- -
- -
75
88
-14
-17
-37
-39
LT Debt
- -
- -
546
509
376
393
383
369
Total Equity
- -
- -
549
589
553
518
493
475
Return on Invested Capital (%)
- -
- -
- -
- -
3.24
3.19
3.45
- -
Return on Capital (%)
- -
- -
- -
- -
4.46
3.83
4.23
- -
Return on Common Equity (%)
- -
- -
- -
- -
7.58
6.48
7.05
- -

Capital Structure

SGD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
91
100
98
LT Borrowings
292
253
246
LT Finance Leases
142
130
123
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
699
700
701
Market Capitalization
395
396
337

Working Capital

SGD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
86
76
74
Cash, Cash Equivalents & STI
36
32
31
Accounts Receivable, Net
1
1
1
Inventories
- -
- -
- -
Total Current Liabilities
103
112
113
Payables & Accruals
- -
- -
- -
ST Debt
91
100
98
Deferred Revenue
- -
- -
- -

Growth Rates

SGD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-4.84%
Free Cash Flow
- -
- -
-5.1%
Net Income, GAAP
- -
- -
2.73%
Sales/Revenue/Turnover
- -
- -
1.22%
Total Cash Common Dividend
- -
- -
-9.11%

Semi-annual Revenue

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
57
2025
- -
- -
58
2026
- -
- -
- -

Semi-annual Earnings Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.05
2025
- -
- -
0.05
2026
- -
- -
- -

Semi-annual Dividends Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.05
2025
- -
- -
0.05
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Jun Yamamura
Full Time Employees
15
Sector
Finance
Industry
Real estate investment trusts
Address
6 Shenton Way Singapore CE Singapore 068809
IPO Date
Nov 26, 2021
Website
daiwahouse-logisticstrust.com
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Business
Daiwa House Logistics Trust (DHLT), a Singapore-listed real estate investment trust sponsored by Daiwa House Industry Co., Ltd., principally invests in income-producing logistics and industrial real estate assets across Asia, with a portfolio of 19 high-specification modern logistics properties comprising approximately 499,128 square meters of net lettable area, appraised at S$893 million as of mid-2025; these include single-tenanted and multi-tenanted facilities such as DPL Sapporo Higashi Kariki, DPL Sendai Port, DPL Kawasaki Yako, DPL Gunma Fujioka and D Project Tan Duc 2, anchored by diversified blue-chip tenants in sectors including third-party logistics and e-commerce, achieving 93.2% occupancy and a 6.5-year weighted average lease expiry. Constituted in November 2021 and headquartered in Singapore, DHLT primarily operates in Japan across regions like Hokkaido, Tohoku, Greater Tokyo, Greater Nagoya, Chugoku, Shikoku and Kyushu, with one property in Vietnam's Long An Province near Ho Chi Minh City. Recent developments include the 2024 acquisition of the cold chain D Project Tan Duc 2 from its sponsor for VND 483 billion to expand into Southeast Asia; the first-quarter 2025 purchase of freehold logistics asset DPL Gunma Fujioka in Greater Tokyo for JPY 4.0 billion at a 23.4% discount to valuation, leased to a multinational under a six-year term and accretive to distributions per unit; and portfolio growth from an initial 14 Japanese properties at listing to 19 assets.