Daiwa House Logistics Trust's Fundamentals Still Look Strong -- Market Talk

Dow Jones2022-06-22

0557 GMT - Daiwa House Logistics Trust's fundamentals still look strong, Daiwa Capital Markets analysts say in a research note as they reiterate their buy rating. The REIT's portfolio is unlikely to face any major operational risks because it is mostly driven by a resilient Japanese market, the analysts say. Its portfolio's occupancy rate is now assumed to be 98%-99% through 2024, versus an assumed structural occupancy rate of 97% previously, the analysts add. However, Daiwa lowers the REIT's target price to S$0.840 from S$0.940 to account for substantial JPY weakness against SGD and a higher Singapore 10-year government-bond yield. Units are 2.9% lower at S$0.675. (ronnie.harui@wsj.com)

 

$(END)$ Dow Jones Newswires

June 22, 2022 01:57 ET (05:57 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment