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Parkway Life REIT's 1HFY2025 DPU up 1.5% y-o-y to 7.65 cents

The Edge Singapore
The Edge Singapore  • 2 min read
Parkway Life REIT's 1HFY2025 DPU up 1.5% y-o-y to 7.65 cents
"We are well-positioned to navigate market volatility and continue delivering sustainable returns to our unitholders," says CEO of the manager Yong Yean Chau / Photo: Albert Chua
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Parkway Life REIT has increased its distribution per unit for 1HFY2025 by 1.5% y-o-y to 7.65 cents.

Distributable income to unitholders increased by 9.5% to $49.9 million for the same half year ended June, due to the REIT's step-up rental revision arrangement in its Singapore hospitals.

Gross revenue was up 8.1% y-o-y to $78.3 million and net property income was up 8% to $73.8 million, with contributions from newly acquired properties in Japan and France.

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