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...
PLife 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) posted a 28.3 per cent rise in its Q3 gross revenue on-year, to S$21.2 million. It said its higher revenue was mainly due to additional revenue contribution amounting to S$1.8 million from its Japanese properties. The properties were acquired in the fourth quarter of 2009. PLife REIT also reported its Q3 net property income rose 26.5 per cent...
Mainboard-listed healthcare trust Parkway Life REIT (PLife REIT) has acquired five new nursing home properties in Japan for some S$46.8 million. The properties will be bought from Yugen Kaisha, which is a subsidiary of Kenedix, a real estate asset manager in Japan. PLife REIT had previously acquired 15 nursing home properties from Kenedix. It said it is buying the properties because they are...