The gain was led by contributions from properties acquired over the last two years, where the REIT collected higher rent from the Singapore hospitals under a new master lease agreement.
Parkway Life REIT has reported a distribution per unit of 7.48 cents for its 2HFY2023, up 2.1% y-o-y. This brings its full-year distribution to 14.77 cents, up 2.7%, marking yet another increase in its recurring annual distribution since its IPO back in 2007.
Gross revenue for the 2HFY2023 ended last Dec was up 4.7% y-o-y to $73.1 million, bringing full-year revenue to $147.5 million, up 13.5% y-o-y.
