Gross revenue for 2Q20 grew 4.9% y-o-y to $30.3 million mainly due to revenue contribution from three Japan nursing rehabilitation facilities acquired in 4Q19, higher rent from Singapore properties as well as the appreciation of the Japanese Yen (JPY).
The manager of Parkway Life Real Estate Investment Trust (PLife REIT) reported distribution per unit (DPU) of 3.36 cents for 2Q20 ended June, 2.5% higher than the 3.27 cents in 2Q19.
This brings 1H20 DPU to 6.68 cents, 1.9% higher than the 6.55 cents a year ago.
