Of this, DHLT has seven logistics properties located in Greater Tokyo, which accounted for 42% of its portfolio valuation, with a long weighted average lease expiry (WALE) of 7.4 years weighted by gross rental income (GRI). Freehold properties accounted for 60% of its portfolio valuation, while the average leasehold land tenure is 39.3 years.
UOB Kay Hian (UOBKH) analyst Jonathan Koh highlights Daiwa House Logistics Trust (SGX:DHLU
) ’s (DHLT) growth and stability in an unrated report.
In his June 19 report, Koh notes that DHLT has expanded its portfolio to 17 high-quality logistics properties with net lettable area (NLA) of 4.9 million sqft. Its portfolio of logistics properties has an average age of only 6.3 years.
