Daiwa hse log tr

Distributable income grew 2.5 per cent year on year to S$9.1 million, from S$8.9 million in Q1 FY2022.

Net property income for the real estate investment trust (Reit) rose 0.1 per cent in Q1 to 1.1 billion yen (S$11.3 million), while gross rental income gained 5.3 per cent to 1.4 billion yen, based on unaudited figures.

The Reit’s weighted average lease expiry by gross rental income – based on monthly rent as at March 2023 – was 6.9 years. Portfolio occupancy remained at 98.6 per cent, the same as recorded in the past four quarters.

Likely to rise up to test 0.60! Next, 0.625.

Pls dyodd. 

 FY Results is out! Not bad ! Dpu of 2.61 cents is within forecast! 

XD 2/3.

 Chart wise, consolidation mode!

Need a nice rebound to cross over 0.65 in order to reverse the current trend!

NAV 0.80.

Annual dpu 5.18 cents.

Yield is about 8.28% base on current price of 0.625.

Gearing 34%.

Current price level seem like a gd pivot entry point!

Pls dyodd.