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Parkway Life Reit posts 7.4% rise in Q1 DPU to 3.57 cents

Net property income grew 1 per cent to S$28 million, from S$27.7 million

Vivienne Tay
Published Fri, Apr 23, 2021 · 09:50 PM

Singapore

PARKWAY Life Real Estate Investment Trust (Parkway Life Reit) on Friday posted a 7.4 per cent rise in distribution per unit (DPU) to 3.57 Singapore cents for its first quarter ended March 31, 2021, from 3.32 cents the year before.

On an annualised basis DPU was 14.28 Singapore cents, up 7.4 per cent from 13.28 cents the previous year.