Daiwa House Logistics Trust's (SGX:DHLU) distribution per unit or DPU declined 10% during the second half of 2024 to SG$0.0234 from SG$0.0261 a year earlier, according to a Friday filing with the Singapore Exchange.
Distributable income declined by 10% year over year to SG$16.4 million from SG$18.2 million.
Net property income was up 2.1% to SG$22.7 million from SG$22.2 million a year earlier.
Meanwhile, gross revenue was up 2.0% year over year to SG$29.5 million from SG$29.0 million.
Occupancy rate remained high at 97.6%.
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