SGX-listed Daiwa House Logistics Trust registered a net property income of JPY1.2b in 1Q24, reflecting a 4.6% YoY increase.Gross rental income rose 1.9% YoY to JPY1.39b from JPY1.36b a year ago, whilst distributable income saw a slight increase of 0.6% YoY due to realised gains from hedges.
Portfolio weighted average lease expiry stood at 5.9 years after the REIT renewed the lease of D Project Kuki for 10 years from August, extending the portfolio WALE. Its aggregate leverage increased to 37.3% following the additional 5-year loan to acquire DPL Ibaraki Yuki.Since you're here... ...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.2.
Source: News Formal (newsformal.com)
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AIMS APAC REIT distribution per unit slips 5.9% YoY in FY2024pstrongOn the other hand, net property income grew 6.9% YoY./strong/p pAIMS APAC REIT Management Limited said distribution per unit for fiscal year 2024 (FY 2024) ending 31 March declined 5.9% to $9.36 from the previous year’s $9.94.
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April HDB resale price up 6.0% YoY; resale volume increase as BTO launches decreaseBuild-To-Order (BTO) launches have tightened the supply of new flats, prompting buyers to turn to the resale market
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Venture Corp net profit drops 18.3% YoY in 1Q24pstrongRevenue for the period also fell./strong/p pVenture Corporation registered a net profit of $60.1m in 1Q24, a decrease of 18.3% YoY./p pNet profit margin stood at 9.0% due to its increasing focus on operational execution and productivity enhancements./p pThe company's revenue also fell 18.9% YoY to $666.
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