As at June 30, there were no long-term debt refinancing needs for the group till 20203 and the group continues to enjoy an effective all-in cost of debt of 0.91% with an interest cover ratio of 13.8 times. Gearing remains optimal at 36.9%.
SINGAPORE (July 31): The manager of Parkway Life Real Estate Investment Trust (PLife REIT) reported a Distribution per Unit (DPU) of 3.27 cents for 2Q19 ended June, which represented an increase of 2.6% from a year ago.
Gross revenue for 2Q19 grew 2.9% to $28.9 million, mainly due to revenue contribution from the Japan property acquisition in 1Q18, higher rent from Singapore properties and appreciation of the Japanese Yen. Correspondingly, net property income increased 2.3% to $26.8 million.
