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.