Singapore-listed Parkway Life Real Estate Investment Trust has reported a third-quarter distribution per unit (DPU) of 1.91 cents, up 12.1 per cent from a year ago. Net property income for the three months ended September grew 23.3 per cent to S$15.4 million. Parkway Life said it saw continued growth in the third quarter as a result of increased rental income from its Japanese properties and an upward...
Parkway Life Real Estate Investment Trust
Parkway Life Real Estate Investment Trust (PREIT) said it will distribute 1.71 Singapore cents per unit for its third quarter. The total distribution of about S$10.3 million is some 10 per cent higher than forecast. The announcement came as the trust posted strong third quarter results for the year. Its total net property income came to some S$12.5 million, more than 15 per cent higher than...
Parkway Life Real Estate Investment Trust (REIT) has announced it will revise annual rent for its Singapore hospital properties upwards by 6.25 per cent. These properties include Mount Elizabeth Hospital, Gleneagles Hospital and East Shore Hospital, and were leased to Parkway Hospitals Singapore for a term of 15 years from 2007. Parkway Trust Management said the properties are the main contributor to the...