Distributable income for the quarter inched up by 0.6% y-o-y to $9.2 million upon a steady operational performance and realised gain from hedges. The REIT’s distributions are made every six months; the next distribution will be made for the period from Jan 1 to June 30 this year.
Daiwa House Logistics Trust (DHLT) has reported a net property income (NPI) of JPY1.2 billion ($10.5 million) for the 1QFY2024 ended March 31, 4.6% higher y-o-y. The higher NPI comes as the underlying performance of the portfolio remains healthy, says the REIT manager in its business update.
Gross rental income (GRI) rose by 1.9% y-o-y to JPY1.39 billion.
