As such, distribution per unit was down 8.6% to 2.24 cents. As at June 30, aggregate leverage was 40.7%, below the regulatory limit of 50% and interest coverage ratio remained healthy at 6.6 times.
Daiwa House Logistics Trust reported net property income of $22.5 million for its 1HFY2025, up 6.1% y-o-y, along with higher revenue of $29.2 million, up 5.8%, with contributions from new acquisitions.
However, distributable income for the same half year ended June was down 8.2% to $15.7 million due to higher interest costs and lower realised exchange gains.
