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Daiwa House Logistics Trust (DHLU) Fair Value & Analysis

Real Estate · SG · Market cap 340M SGD

DH Daiwa House Logistics Trust DHLU · SG
Price0.4850 SGD
Fair Value0.5800 SGD
Upside+19.6%
Quality61/100
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Evidence: High Range 0.4900 SGD – 0.6000 SGD

Fair value as of: Jul 4, 2026

From 19 valuation models · updated today

Share price −2.0% over the past month.

Price vs Fair Value (12 months)

0.5672 SGD 0.4800 SGD Fair Value 0.5800 SGD Jul 2025 Jul 2026

12‑month range 0.4800 SGD – 0.5672 SGD · fair‑value band 0.4900 SGD – 0.6000 SGD · the 0.4850 SGD price screens below the 0.5800 SGD fair value. As of Jul 4, 2026.

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Analysis

Daiwa House Logistics Trust (DHLU) currently trades at 0.4850 SGD, while our model-based Fair Value estimate is 0.5800 SGD — implying the stock looks roughly 19.6% undervalued today. We read business quality at 61/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Daiwa House Logistics Trust generated revenue of 57.8M SGD at a net margin of 61.7%. Revenue declined 3.0% year over year. It earns a return on equity of 7.1%. Net debt stands at 319M SGD. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) 57.8M SGD
Revenue growth (YoY) -3.0%
Net margin 61.7%
Return on equity 7.1%
Free cash flow 38.7M SGD FY2025
P/E ratio 9.7
More key figures
Operating margin 68.5%
EPS (TTM) 0.0500 SGD
Dividend yield 9.0%
EPS growth (YoY) +24.5%
Net debt 319M SGD FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

About the company

Daiwa House Logistics Trust is a Singapore real estate investment trust (REIT) established with the investment strategy of principally investing in a portfolio of income-producing logistics and industrial real estate assets located across Asia. Its portfolio currently comprises 18 high-quality logistics properties across Japan and one property in Vietnam, with an aggregate net lettable area more than 499,000 sqm. DHLT is managed by Daiwa House Asset Management Asia Pte. Ltd., a wholly owned subsidiary of its Sponsor, Daiwa House Industry Co., Ltd. Daiwa House Logistics Trust was incorporated in Singapore.

Revenue & earnings trend

FY2019 – FY2025 · reported fiscal years

Daiwa House Logistics Trust reported revenue of 57.8M SGD in FY2025 versus 58.7M SGD in FY2019, a compound −0.3%/yr. Reported net income was 35.7M SGD in FY2025, compounding +10.5%/yr from FY2019.

Revenue −0.3%/yr
FY19 58.7M SGD
FY20 71.0M SGD
FY23 59.9M SGD
FY24 57.1M SGD
FY25 57.8M SGD
Net income +10.5%/yr
FY19 19.6M SGD
FY20 27.1M SGD
FY23 43.3M SGD
FY24 34.7M SGD
FY25 35.7M SGD

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6 more REIT - Industrial stocks, each showing price versus our Fair Value estimate (as of Jul 4, 2026).

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Public Storage, a member of the S&P 500, PSA $320.22 $246.08 -23%
Extra Space Storage Inc EXR $147.19 $78.38 -47%
SEGRO Plc SEGXF $10.37 $6.29 -39%
EastGroup Properties, Inc EGP $203.22 $126.92 -38%
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Frequently asked questions

Is Daiwa House Logistics Trust (DHLU) undervalued?
As of Jul 4, 2026, our model estimates a fair value of 0.5800 SGD versus a price of 0.4850 SGD — about +20% (undervalued). Model-based estimate, not financial advice.
What is the fair value of DHLU?
Our model-based fair value for Daiwa House Logistics Trust is 0.5800 SGD (as of Jul 4, 2026), built from audited fundamentals. The current price is 0.4850 SGD.
What is the quality score of DHLU?
Daiwa House Logistics Trust has a Quality Score of 61/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Daiwa House Logistics Trust (DHLU)?
Daiwa House Logistics Trust reported trailing-twelve-month revenue of about 57.8M SGD (latest available figure, as of Jul 4, 2026).
What is the net profit margin of DHLU?
The net profit margin of Daiwa House Logistics Trust is about 61.7%, meaning it keeps roughly 61.7% of revenue as net income. Based on the latest reported figures.
Does Daiwa House Logistics Trust pay a dividend?
Daiwa House Logistics Trust currently shows a dividend yield of about 8.96% relative to its recent price (as of Jul 4, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.