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DHLT’s NPI rises 2.8% YoY to JPY3.7b in 9M FY24 on portfolio strength

Despite higher NPI, DLHT reported a 5.5% YoY lower distributable income.

Daiwa House Logistics Trust's (DHLT) net property income (NPI) rose 2.8% YoY to JPY3.7b in 9M FY 2024 on healthy portfolio performance.

Meanwhile, gross rental income increased by 1.8% YoY to JPY4.2b.

Despite higher NPI and rental income, the business trust reported a 5.5% YoY lower distributable income of $25.5m.

The weaker Japanese Yen impacted DHLT's distributable income.

The average exchange rate of JPY against SGD fell by approximately 8% YoY.

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