Overall, net property income rose 18% y-o-y in 2HFY2022 to $65.8 million. For FY2022, NPI was 9.6% higher y-o-y to $121.9 million.
ParkwayLife REIT announced a 2.7% rise in DPU to 7.32 cents for the second half year ended December 31, 2022 (2HFY2022) and a 2.1% rise in full year DPU to 14.38 cents.
Gross revenue for 2H2022 and FY2022 increased 14.2% y-o-y to $69.8 million and 7.7% y-o-y to $130.0 million respectively primarily due to higher rent from the properties acquired in 2021 & 2022, adjusted hospital revenue for Parkway East Hospital’s 15th year lease (23 August 2021 - 22 August 2022) outperforming its minimum guaranteed rent, higher rent from the Group’s Singapore hospitals under the new master lease agreements, partially offset by the divestment of P-Life Matsudo in January 2021 and depreciation of the Japanese Yen.
