Parkway Life Reit DPU down 3.7%

Singapore

PARKWAY Life Real Estate Investment Trust (Reit) saw distribution per unit (DPU) fall 3.7 per cent to 3.19 Singapore cents for the three months ended June 30, due to the absence of a one-off divestment gain in the year-ago period.

The Reit's distributable income for Q2 2018, entirely from recurring operations, was SS$19.3 million, down from Q2 2017's total distributable income of S$20.1 million, but higher than its S$18.7 million distributable income from recurring operations.