Daiwa House Logistics Trust (DHLT) has projected annualised distribution yields of 6.3% and 6.5% for 2021 and 2022 respectively, based on its initial public offering (IPO) price.
DLHT, which will be the first Japan-focused logistics REIT to list on the SGX, filed its prospectus with the Monetary Authority of Singapore (MAS) on 11 November.
The REIT will be sponsored by Tokyo Stock Exchange-listed real estate conglomerate Daiwa House Group.
For its IPO, the REIT is offering 244,438,000 units for subscription at SGD0.80 each, and these will be offered via separate placement and public tranches.
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