Daiwa House Logistics Trust H2 DPU Drops 10.3% to S$0.0234 

The manager of Daiwa House Logistics Trust on Friday (Feb 28) posted a distribution per unit (DPU) of S$0.0234 for its second half ended Dec 31, down 10.3 per cent from S$0.0261 in the previous corresponding period. 

Its H2 distributable income stood at S$16.4 million, down 10 per cent from S$18.2 million in FY2023. 

Its half-year gross revenue stood at S$29.5 million, up marginally by 2 per cent from S$29 million previously. The trust’s net property income inched up 2.1 per cent to S$22.7 million from S$22.2 million in the year-ago period. 

Units of Daiwa were trading 0.9 per cent or S$0.005 lower at S$0.58 as at 9.32 am on Friday.