Dear readers, Daiwa House Logistic Trust (DHLT) initial public offering (IPO) opened for application on 19 November 2021 and will close on 24 Nov 2021, 12pm. Daiwa House Logistic Trust is offering 244,438,00 units (subject to the over-allotment option) and is pricing S$0.80 per unit. Daiwa House Logistic Trust will commence trading on a “Ready” basis on 26 November 2021, at 2pm.
Daiwa House, the Sponsor of the IPO is one of the largest construction and real estate development companies in Japan, boosting a market capitalisation of S$29.5 billion as of 30 Sep 2021. According to the prospectus of DHTL, Daiwa House Logistics Trust is a Reit whose investment strategy is to principally invest in a portfolio of logistics and industrial real estate assets across Asia. For example, Daiwa House Logistic Trust has 14 modern high-specifications logistics properties across Japan.
As for the dividend yield, based on the prospective, the projected distribution yield in Year 2022 for Daiwa House Logistic Trust is 6.5%.
Daiwa House Logistic Trust IPO reminds me of the pure-play Japan Reits and Trusts based on SGX. Please note that this post is not a post to encourage investors to invest in this IPO. Investors should do their own due diligence when it comes to investing, Thanks.
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