As at June 30, portfolio occupancy stood at 96.6%, down from the 100.0% as at Dec 31, 2023. The REIT’s weighted average lease expiry (WALE) by gross rental income (GRI) stood at 6.3 years.
Daiwa House Logistics Trust (DHLT) reported a distribution per unit (DPU) of 2.45 cents for the 1HFY2024 ended June 30, 6.1% lower y-o-y.
Gross revenue fell by 10.7% y-o-y to $30.9 million due to the weaker Japanese yen (JPY). Net property income (NPI) fell by 8.2% y-o-y to $23.1 million also undermined by the weaker JPY.
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