PLife Reit posts lower Q3 DPU on absence of one-off gain

Singapore

PARKWAY Life Real Estate Investment Trust (PLife Reit) has posted an 8.8 per cent drop in distribution per unit (DPU) for the third quarter ended Sept 30 to 3.06 Singapore cents. This is due to the absence of one-off distribution of divestment gain of S$2.3 million.

The one-off gain came from the divestment of seven Japan properties in December 2014 and it has been fully distributed to unitholders over four quarters in FY2015, said manager Parkway Trust Management on Thursday.