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Parkway Life REIT posts 3.7% drop in 2Q DPU to 3.19 cents on absence of one-off gains

Samantha Chiew
Samantha Chiew • 2 min read
Parkway Life REIT posts 3.7% drop in 2Q DPU to 3.19 cents on absence of one-off gains
SINGAPORE (July 26): The manager of Parkway Life REIT (PLife REIT) declared a 2Q18 DPU of 3.19 cents, bringing 1H18 DPU to 6.36 cents, 3.6% lower than 6.60 cents in 1H17.
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SINGAPORE (July 26): The manager of Parkway Life REIT (PLife REIT) declared a 2Q18 DPU of 3.19 cents, bringing 1H18 DPU to 6.36 cents, 3.6% lower than 6.60 cents in 1H17.

2Q18 DPU was 3.7% lower compared to 3.32 cents in 2Q17 due to the absence of one-off distribution of divestment gain, which was present in 2Q17.

For 2Q18, total distributable income to unitholders fell 3.7% to $19.3 million from $20.1 million in the previous year.

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