DPL Kawasaki Yako, an initial asset of Daiwa House Logistics Trust (Google Maps)

The CEO of Daiwa House Logistics Trust’s (DHLT’s) manager has offered an explanation as to why its unit price is lagging its peers in the Singapore REITs market, despite an above-average portfolio occupancy.

DHLT is a Singapore Exchange (SGX)-listed but Japan-focused logistics REIT with a portfolio of 16 assets across the country.

The REIT’s portfolio is presently about 98.6% occupied, which is significantly ahead of its peers in the Singapore REITs market.

Related: Daiwa House REIT prices units for fundraising exercise

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.