XSES
DHLU
Market cap313mUSD
Oct 10, Last price
0.58SGD
1D
0.00%
1Q
1.75%
IPO
-27.95%
Name
Daiwa House Logistics Trust
Chart & Performance
P/E
11.97
P/S
7.11
EPS
0.05
Div Yield, %
7.79%
Shrs. gr., 5y
0.63%
Rev. gr., 5y
7.04%
Revenues
57m
-4.60%
Net income
34m
-21.70%
CFO
40m
+1.79%
Dividend
Aug 19, 20240.0191 SGD/sh
Profile
DHLT is a Singapore REIT constituted pursuant to a Trust Deed dated 2 November 2021 made between Daiwa House Asset Management Asia Pte. Ltd. (the Manager) and HSBC Institutional Trust Services (Singapore) Limited (the Trustee). DHLT is established with the investment strategy principally to invest, directly or indirectly, in a portfolio of stabilized income-producing logistics and industrial assets, and real estate-related assets, and real estate-related assets, in Asia.
Valuation
Title SGD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|
| 2024‑12 | 2023‑12 | 2022‑12 | 2020‑12 | 2019‑12 | 2018‑12 | |
| Income | ||||||
Revenues | 57,100 -4.60% | 59,852 -14.33% | 69,860 | |||
Cost of revenue | 16,932 | 20,371 | 25,792 | |||
Unusual Expense (Income) | ||||||
NOPBT | 40,168 | 39,481 | 44,068 | |||
NOPBT Margin | 70.35% | 65.96% | 63.08% | |||
Operating Taxes | 6,634 | 6,389 | 49,043 | |||
Tax Rate | 16.52% | 16.18% | 111.29% | |||
NOPAT | 33,534 | 33,092 | (4,975) | |||
Net income | 33,921 -21.70% | 43,320 -11.67% | 49,043 | |||
Dividends | (35,244) | (35,848) | (20,873) | |||
Dividend yield | 8.72% | 7.90% | ||||
Proceeds from repurchase of equity | (1,519) | (862) | 526,736 | |||
BB yield | 0.38% | 0.19% | ||||
| Debt | ||||||
Debt current | 91,532 | 96,021 | 2,788 | |||
Long-term debt | 571,961 | 533,169 | 682,847 | |||
Deferred revenue | 4,520 | 23,046 | 17,717 | |||
Other long-term liabilities | 180 | 16,458 | 29,149 | |||
Net debt | 621,895 | 581,610 | 635,574 | |||
| Cash flow | ||||||
Cash from operating activities | 40,063 | 39,359 | 45,451 | |||
CAPEX | ||||||
Cash from investing activities | (49,091) | (300) | (885,722) | |||
Cash from financing activities | 2,630 | (44,090) | 947,970 | |||
FCF | 1,023,751 | 107,500 | ||||
| Balance | ||||||
Cash | 41,598 | 45,801 | 48,938 | |||
Long term investments | 1,779 | 1,123 | ||||
Excess cash | 38,743 | 44,587 | 46,568 | |||
Stockholders' equity | 517,703 | 553,211 | ||||
Invested Capital | 1,042,770 | 1,020,102 | 1,101,269 | |||
ROIC | 3.25% | 3.12% | ||||
ROCE | 3.75% | 3.63% | 3.78% | |||
| EV | ||||||
Common stock shares outstanding | 696,692 | 692,458 | ||||
Price | 0.58 -11.45% | 0.66 3.15% | 0.64 | |||
Market cap | 404,082 -10.91% | 453,560 | ||||
EV | 1,025,977 | 1,035,170 | ||||
EBITDA | 40,168 | 39,481 | 44,068 | |||
EV/EBITDA | 25.54 | 26.22 | ||||
Interest | 4,900 | 4,733 | 8,030 | |||
Interest/NOPBT | 12.20% | 11.99% | 18.22% | |||