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← CockpitCompetitor Analysis › DHLU.SI Daiwa House Logistics TrustOpen in the cockpit ↗

Daiwa House Logistics TrustDHLU.SICompetitor analysis, valuation and peers

Singapore · SGD·Real Estate›Real Estate Investment Trusts
Momentum strong 66
Mkt cap
$236M
US dollars, full cap
Free float
82%
of shares outstanding
$/day
$66,953
20-day average traded
P/B
0.64×
price to book
ROE
7.2%
delivered
Implied ROE
4.8%
what the price asks
Next earnings
118 days
4 Mar 2027
Close · SGDS$0.43
1D+1.2%
1W+4.9%
1M+7.5%
3M-9.5%
6M-12.2%
YTD-23.9%
1Y-24.6%
ATR %1.8%
52w lowhigh25.2% off high

What Daiwa House Logistics Trust does

Employees: 15

Daiwa House Logistics Trust at a glance

Size Daiwa House Logistics Trust (DHLU.SI) is a Singapore Real Estate company (Real Estate Investment Trusts) with a market value of $236M, the 155th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$0.43 on 6 Nov 2026.

Performance Over six months the shares fell 12.2%, against -13.5% for the median peer and -1.2% for the Singapore market (cap-weighted) — 10th highest of 21 in its peer set.

Growth Revenue grew 1.1% over the last twelve months (peer median +0.7%); the operating margin is 70.6% (peer median 54.9%).

Valuation It trades at 0.64× book value against a peer median of 0.71× (8th cheapest of 21).

Price implies The share price implies a return on equity of about 4.8%; Daiwa House Logistics Trust delivers 7.1%, so the price asks less than the business earns today.

Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026Peer median 88DHLU.SI 88
Six months, rebased to 100: Daiwa House Logistics Trust against the median of its 20 peers (local-currency closes).

Daiwa House Logistics Trust financials

Reported figures in SGD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueS$58.0MS$58.7MS$59.1MS$64.0MS$69.9M
Revenue growth—-1%-8%-8%—
Gross profitS$40.8MS$41.5MS$42.1MS$45.3MS$49.6M
EBITDAS$41.0MS$40.7MS$39.5MS$44.5MS$49.0M
Net incomeS$35.5MS$34.9MS$33.9MS$42.5MS$140M
Free cash flowS$33.8MS$29.1MS$31.9Mn/an/a
Capital expenditureS$15,000S$111,000S$431,000S$0S$0
Total debtn/aS$519MS$517MS$507MS$548M

Quarterly statements and history in the cockpit →

Daiwa House Logistics Trust competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-30%-20%-10%0%+10%-10%0%MENUODBUAW9U448730CDPLANDYSIL180101KREF2191IMDABMGUMRT-UN180701ARMOXMUCMOUSELERFPIHABADHLU.SI6-month return →1-month return →
Up and to the right = strong over both horizons. Daiwa House Logistics Trust is the large dot.

Fundamentals: return on equity against price-to-book

-20%-10%0%10%0.25×0.50×0.75×10×MENUODBUAW9U448730CDPLANDYSIL180101KREF2191IMDABMGU180701ARMOXMUCMOUHABADHLU.SIReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Daiwa House Logistics Trust is the large dot.

Capital: ROE delivered against the ROE the price implies

-20%-10%0%10%20%-20%0%20%MENUODBUAW9UCDPLAND180101KREFIMDABMGUSELERDHLU.SIROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Daiwa House Logistics Trust is the large dot.

Daiwa House Logistics Trust competitors and peer comparison

How Daiwa House Logistics Trust compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Daiwa House Logistics Trust against its 20 peers (data as of 6 Nov 2026)
MeasureDHLU.SIPeer medianRank in peer set
1-month return+7.5%-3.7%2nd highest of 21
6-month return-12.2%-13.5%10th highest of 21
Return on equity7.2%2.8%4th highest of 21
Price / book0.64×0.71×8th cheapest of 21
Trailing P/E8.5×18.6×3rd cheapest of 15
ROE the price implies4.8%5.0%10th least demanding of 21
ROE delivered7.1%2.2%4th highest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Daiwa House Logistics Trust DHLU.SISingapore$236M-12%+1%7%0.64×4.8%7.1%
Elite UK REIT MENU.SISingapore$258M-13%-8%22%0.69×2.9%22.2%
United Hampshire US Real Estate Investment Trust ODBU.SISingapore$284M-9%+3%6%0.64×4.6%5.6%
First Real Estate Investment Trust AW9U.SISingapore$291M-27%-5%4%0.76×4.0%3.8%
SamsungFN REIT 448730.KSSouth Korea$301M-28%+16%3%1.03×5.5%3.3%
Carindale Property Trust CDP.AXAustralia$302M-2%+5%10%0.73×5.6%10.2%
Gladstone Land LANDUnited States$303M-28%+22%-1%0.45×6.5%-1.0%
Silicius Real Estate Socimi YSIL.MCSpain$303M-5%+84%5%0.87×5.3%n/a
Bosera CMSK Industrial Park REIT Units 180101.SZChina$305M-21%-15%-1%0.68×2.7%-0.7%
KKR Real Estate Finance Trust KREFUnited States$327M-14%-21%-19%0.56×6.7%-18.8%
SF Real Estate Investment Trust 2191.HKHong Kong$333M+22%-7%4%0.82×5.1%4.0%
Immobiliere Dassault IMDA.PAFrance$335M-21%+14%-20%0.60×5.0%-19.9%
BHG Retail REIT BMGU.SISingapore$165M-8%-10%-1%0.56×2.6%-0.6%
Morguard Real Estate Investment Trust MRT-UN.TOCanada$340M+8%-1%2%0.54×4.2%1.6%
Yinhua Shaoxing Yuanshui Water Conservancy REIT 180701.SZChina$348M-8%+290%4%1.43×4.3%3.8%
Arima Real Estate SOCIMI ARM.MCSpain$356M-6%+210%8%0.91×5.4%7.7%
Prime US REIT OXMU.SISingapore$156M-38%-2%2%0.21×4.5%2.2%
Kore US REIT CMOU.SISingapore$153M-25%+4%1%0.21×3.8%0.6%
Selectirente SELER.PAFrance$367M-7%+2%5%0.88×6.0%5.0%
Farmland Partners FPIUnited States$369M-17%-6%2%0.87×8.1%2.2%
Hamborner REIT HABA.DEGermany$370M-19%-4%-2%0.97×6.3%-2.2%

Questions

Which companies are Daiwa House Logistics Trust's closest peers?
The cockpit's peer set: Elite UK REIT (MENU.SI), United Hampshire US Real Estate Investment Trust (ODBU.SI), First Real Estate Investment Trust (AW9U.SI), SamsungFN REIT (448730.KS), Carindale Property Trust (CDP.AX), Gladstone Land (LAND), Silicius Real Estate Socimi (YSIL.MC), Bosera CMSK Industrial Park REIT Units (180101.SZ).
Is Daiwa House Logistics Trust expensive compared with its peers?
On price / book it trades at 0.64× against a peer median of 0.71×, 8th cheapest of 21 in its peer set. The share price implies a return on equity of about 4.8%; Daiwa House Logistics Trust delivers 7.1%, so the price asks less than the business earns today.
How has Daiwa House Logistics Trust stock performed?
Over six months to 6 Nov 2026 the shares returned -12.2% against -13.5% for the median peer; over one year -24.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.