Daiwa House Logistics Trust to raise S$575.5m in IPO, selling units at S$0.80 each

News about Daiwa House Logistics Trust
Daiwa House Logistics Trust (DHLT) is rolling into the Singapore market as the first real estate investment trust (Reit) with significant exposure to logistics and industrial properties in Japan.

But for sponsor Daiwa House Industry Co (DHI), a property developer and real estate fund manager listed on the Tokyo Stock Exchange (TSE), DHLT represents its move to capture growth opportunities in the wider Asian market.
...read more on The Business Times
Daiwa House Logistics Trust
Price0.500 SGD
NAV0.650 SGD
Yield (4 quarters)8.66%
Gearing40.2%