Parkway Life REIT's DPU Rises in Q1

MT Newswires

2025/04/22

Parkway Life REIT's (SGX:C2PU) distribution per unit or DPU rose by 1.3% to SG$0.0384 from SG$0.0379 a year earlier, according to a filing with the Singapore Exchange on Tuesday.

Amount available for distribution was up 9% to SG$25.0 million from SG$22.9 million a year earlier.

Net property income rose nearly 8% to SG$36.8 million from SG$34.3 million.

Gross revenue was up 7% year over year to SG$39.0 million from SG$36.3 million, mainly due to the acquisition of nursing homes in France.

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