Investor Presentaiton
Positive contribution from acquired properties
Daiwa HouseⓇ
1 January to 31 December
FY2022 (1)
FY2023
Variance (1)
Gross Revenue (S$ '000)
62,120
59,852
-3.7%
Net Property Income (S$ '000)
47,724
45,324
-5.0%
Distributable Income to
35,283
36,373
+3.1%
Unitholders (S$ '000)
Distribution per Unit (cents)
5.21
5.22
+0.2%
Full year contribution from properties acquired in December 2022 was offset by the weaker JPY against S$,
resulting in lower gross revenue and NPI y-o-y in S$ terms
However, distributable income increased by 3.1% y-o-y mainly due to realised gain from hedging, resulting in
improvement in DPU to 5.22 cents for FY2023
(1) The corresponding period for the financial results reported for FP2022 was for the period from the listing of DHLT (26 November 2021) to 31
December 2022. However, the financial results for FY2023 were compared against the financial results for the corresponding 12-month period
in FP2022 (1 January 2022 to 31 December 2022) for a more meaningful comparison. The gross revenue, net property income, distributable
income to Unitholders and DPU reported for FP2022 were S$68.7 million, S$53.0 million, S$38.6 million and 5.70 cents, respectively.
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