Daiwa House Logistics Trust Issues New Units to Pay Manager’s Base Fee

An update from Daiwa House Logistics Trust ( (SG:DHLU) ) is now available.

Daiwa House Logistics Trust’s manager has received part of its base management fee for the quarter from 1 October 2025 to 31 December 2025 through the issuance of 405,291 new units at S$0.5669 per unit, priced based on the volume-weighted average trading price over the last ten business days of the period. Following this issuance, the total units in issue rose to 700,739,269, with sponsor Daiwa House Industry Co., Ltd. holding 94,487,869 units or 13.48% of the total, underscoring continued sponsor alignment and a modest dilution for other unitholders through fee payment in units instead of cash.

This fee-in-units structure conserves cash for the REIT while slightly increasing the unit base, a common practice in the Singapore REIT market that supports balance sheet flexibility. The sponsor’s maintained stake signals ongoing commitment to the vehicle’s long-term growth, which may be viewed positively by investors focused on alignment and capital management discipline.

The most recent analyst rating on (SG:DHLU) stock is a Hold with a S$0.57 price target. To see the full list of analyst forecasts on Daiwa House Logistics Trust stock, see the SG:DHLU Stock Forecast page.

More about Daiwa House Logistics Trust

Daiwa House Logistics Trust is a Singapore-listed real estate investment trust focused on logistics properties, and is managed by Daiwa House Asset Management Asia Pte. Ltd., a wholly owned subsidiary of Japan’s Daiwa House Industry Co., Ltd. The trust provides investors exposure to logistics real estate, with its sponsor retaining a strategic unitholding that aligns interests with other stakeholders.

Average Trading Volume: 573,838

Technical Sentiment Signal: Buy

Current Market Cap: S$381.7M

See more insights into DHLU stock on TipRanks’ Stock Analysis page.