DHLT reports lower 1HFY2026 DPU of 1.82 cents; flags higher financing costs ahead

The Edge Singapore 08-05

DHLT warns that it has 12 billion yen of borrowings maturing towards the end of 2026, which were drawn during the period of negative interest rate environment in Japan Daiwa House Logistics Trust has ...

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Discussions on the vacant unit in DPL Kawasaki Yako are also progressing well. \n\"While the manager seeks to improve the occupancy of DPL Sendai Port, the manager is also concurrently exploring various options for DPL Sendai Port, including asset recycling,\" he adds.\nDHLT warns that it has 12 billion yen of borrowings maturing towards the end of 2026, which were drawn during the period of negative interest rate environment in Japan. \nTherefore, these borrowings will be refinanced at higher rates compared to their respective existing rates and DHLT's manager will take a balanced approach in terms of tenure of borrowings to manage the rate increase. \nThe first reset date of the perpetual securities is also this November. \n\"The weaker yen has also impacted DHLT's results, although the manager noted a recent coordinated intervention by Japan and the US provided some reprieve to the yen. \n\"The manager will continue to adopt a disciplined and systematic hedging of JPY to mitigate volatility,\" says Yamamura.\nDHLT units closed at 49 cents on Aug 4. 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