Daiwa House Logistics Trust’s NPI up 6.1% YoY in H1

NPI rose to $22.5m during the period.

Daiwa House Logistics Trust (DHLT) reported a 6.1% year-on-year (YoY) rise in net property income (NPI) to $22.5m in H1 2025.

This growth was due to D Project Tan Duc 2 and DPL Gunma Fujioka contributions, offset by higher interest expenses and lower realised exchange gains

This resulted in a decrease in distributable income and Distribution per Unit to $15m and $0.0224, respectively.

Overall occupancy stood at 93.2%, with two of the three expired leases during the period securing new tenants and a space vacated being partially leased.

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