Daiwa House Logistics Trust's N-E Japan properties sustain 'minor physical damage' from quake

THE manager of Daiwa House Logistics Trust DHLU (DHLT) said that 2 of its properties located near the earthquake zone - DPL Sendai Port and DPL Koriyama - have sustained "minor physical damage" from the magnitude 7.4 earthquake that struck the north-east coast of Japan shortly before midnight on Wednesday (Mar 16).

DHLT's manager however said that these findings were based on a preliminary inspection by the property manager in Japan, and the full extent of the damage can only be ascertained after "more detailed assessments".

The trust said there were no casualties reported and all properties currently remain in operation. The manager added that it will continue to monitor the situation and provide further updates when appropriate.

Units of DHLT closed on Thursday at S$0.815 prior to the update, up 0.6 per cent or S$0.005.