]Net property income for 1QFY2025 was $36.8 million, up 7.5% y-o-y, on the back of a 7.3% y-o-y increase in revenue to $39 million. Interest costs increased by 26% y-o-y because of a heavier debt load related to acquisitions and ongoing AEI as well as higher yen base rates.
Analysts have stayed positive on Parkway Life REIT after it reported higher distribution per unit for its 1QFY2025 in line with expectations.
For the three months to March 31, PREIT's DPU was 3.84 cents, up 1.3% y-o-y and 6.1% q-o-q, thanks to contributions from recent acquisitions and step-up leases, but somewhat offset by a larger unit base and a weaker yen.
