Parkway Life Real Estate Investment Trust (PLife REIT) has booked 14 per cent year-on-year growth in the first quarter of 2015, announced its manager Parkway Trust Management on Wednesday (Apr 29). The overall distribution per unit (DPU) for Q1 2015 increased 14 per cent year-on-year to 3.21 Singapore cents, said Parkway Trust Management in a news release. Notwithstanding the divestment of seven...
Parkway Life Reit
Parkway Life Real Estate Investment Trust (PLife REIT) has sold seven nursing homes in Japan for ¥7.95 billion (S$88.3 million) as part of a plan to divest assets of less strategic value. PLife REIT said in a statement on Friday (26 Dec) it expects to recognise an estimated divestment gain of approximately S$12.3 million. "The proceeds received from the divestment will further strengthen PLife...
Parkway Life Real Estate Investment Trust (PLife REIT) has purchased a nursing home and care facility property in Japan, its second acquisition in the fourth quarter of 2014, it announced in a press release on Friday (Dec 19). PLife REIT purchased Ocean View Shonan Arasaki for ¥1,700 million (S$18.9 million) from Oueikikaku Kabushiki Kaisha. This follows an earlier acquisition of Habitation Jyosui,...
Parkway Life Real Estate Investment Trust (PLife REIT) has reported distributable income of S$14.5 million for the quarter ended September 30, an increase of 6.8 per cent year-on-year. Distribution per unit (DPU) for the quarter rose 6.8 per cent year-on-year to 2.40 cents. Net property income increased 3.6 per cent year-on-year to S$20.14 million. Gross revenue increased by 4.1 per cent year-on-year to...
Parkway Life REIT (P-Life Reit) posted a 13.4 per cent increase in distribution per unit (DPU) to 2.37 Singapore cents for its second quarter. That is up from 2.09 cents in the same period last year. Gross revenue at the healthcare trust rose 14.1 per cent to S$21.4 million, helped by Japan nursing home properties it acquired, and higher rent from existing properties. Net property income for the quarter...
Healthcare trust Parkway Life Reit (P-Life Reit), on Monday reported that its fourth quarter distribution per unit (DPU) rose by 16.6 per cent on-year. For the three months ending December, P-Life Reit's DPU came in at 2.38 cents, higher than the 2.05 cents announced a year ago. DPU rose as its net property income went up by 19.5 per cent on-year to S$19.7 million. For the full year, net property income...
Healthcare trust Parkway Life Reit (P-Life Reit) said it has entered into two agreements for credit facilities of up to S$207 million. It has secured a four-year committed term loan facility for S$103.5 million and another five-year committed term loan facility for the same amount. The firm intends to use the funds to refinance an existing S$207 million facility which will fall due in the second half of...
Singapore-listed Parkway Life Real Estate Investment Trust has reported a second quarter distribution per unit of 2.09 Singapore cents, up 10.9 per cent from a year ago. Net property income for the three months ended June grew 15.6 per cent to S$17.3 million. For the first half of the year, net property income was up 14.5 per cent at S$34.5 million. Parkway Life says the higher revenue was due primarily...
Mainboard-listed Parkway Life REIT on Wednesday said it is buying six properties in Japan worth about S$60.5 million. The properties are nursing home and care facilities, and will be funded by borrowings. Five of the properties are located in densely populated residential areas in Japan's Fukuoka Prefecture, with the remaining one in Akita Prefecture. Parkway Life REIT said the purchases are...
Parkway Life REIT said its first quarter distribution per unit rose 9.7 per cent to 2.07 cents, compared to 1.89 cents in the same quarter a year ago. This came on the back of a 9.7 per cent increase in distributable income to S$12.5 million for the quarter ended March, from S$11.4 million last year. Net property income for the quarter was 13.4 per cent higher at S$17.2 million. The higher revenue was...