News about Daiwa House Logistics Trust —
Japanese REITs listed in Singapore have had a rocky history, with both Accordia Golf Trust or Saizen REIT coming and going after a handful of years. This isn't deterring Daiwa House Logistics Trust (DHLT) from trying its luck and filing for IPO. The trust has lodged its IPO prospectus on MAS website and will offer 244,438,000 units at S$0.80 per unit (with possible over-allotment option)
DHLT has an appraised ¥80.57 billion ($952.9 million) portfolio of 14 logistics properties in Japan and is forecasting a yield of 6.3% based on IPO price.