In 2HFY2024, the REIT's net property income was down 1.1% y-o-y to $68.2 million, bringing the full-year NPI to $136.6 million, down 1.8% y-o-y.
Parkway Life REIT has reported a distribution per unit of 7.38 cents for its 2HFY2024 ended Dec 31 2024, down 1.3% over the preceding half year. This brings its full-year payout to 14.92 cents, up 1% over FY2023, thereby chalking up 17 straight years of growth in recurring DPU.
If the enlarged unit base due to a recent round of fund-raising from unitholders is excluded, DPU for the whole of FY2024 would be 15.11 cents, up 2.3% over FY2023's 14.77 cents.
