Daiwa House Logistics Trust to expand outside Japan with $26.5 million acquisition in Vietnam

News about Daiwa House Logistics Trust
On a pro forma basis, the deal is accretive to its FY2022 DPU by 1.9%

Daiwa House Logistics Trust is expanding its presence outside Japan by acquiring a cold storage facility in Vietnam from its sponsor Daiwa House Industry for VND483 billion, or some $26.5 million.
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Daiwa House Logistics Trust
Price0.495 SGD
NAV0.630 SGD
Yield (4 quarters)8.75%
Gearing40.6%