Parkway Life Reit Q4 DPU rises 1.8%, boosted by newly acquired properties

Singapore

PARKWAY Life Real Estate Investment Trust (PLife Reit) on Wednesday posted a 1.8 per cent rise in distribution per unit (DPU) to 3.34 Singapore cents for the fourth quarter ended Dec 31, up from 3.28 Singapore cents a year earlier.

The increase was led by contribution from three Japan properties that the group acquired in December 2019, rental growth of existing properties, as well as cost savings from refinancing initia…