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Parkway Life Reit's Q2 DPU up 15.5%

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The Singapore hospital properties are expected to register at least a 1% increase this year in minimum guaranteed rent.

Singapore

PARKWAY Life Reit (real estate investment trust) has recorded a 15.5 per cent rise in distribution per unit (DPU) for the second quarter to 3.35 Singapore cents from a year ago.

This translates to total distribution income of S$20.27 million, up 15.6 per cent from a year