SINGAPORE: Mainboard-listed Parkway Life Reit reported a 14 per cent rise in distribution per unit (DPU) to 3.21 cents for the first quarter ended March 31, 2015, from 2.82 cents for the year-ago period.
The healthcare Reit’s distributable income also jumped 14 per cent to $19.46 million from $17.07 million a year ago.
First quarter DPU is payable on May 29.
Gross revenue edged up 0.7 per cent to $24.77 million on higher rent from its Singapore properties despite the divestment of seven Japan properties in December 2014. Net property income edge up 0.8 per cent to $23.17 million.
