Daiwa House Logistics Trust Unitholders Approve FY2025 Accounts and Capital Issuance Mandate

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2026.05.21 12:23
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Daiwa House Logistics Trust's unitholders approved the FY2025 audited financial statements and a capital issuance mandate at the annual general meeting on April 24, 2026. The mandate allows the manager to issue new units and convertible securities, enhancing financial flexibility for growth. Ernst & Young LLP was reappointed as auditor. The approved issuance caps new units at 50% of existing units, with a Hold rating and a S$0.57 price target for the stock.