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Parkway Life Reit's Q3 DPU rises 1.9% to 3.3 Singapore cents

Gross revenue rose 5.4% to S$29.9m from higher rent from its Singapore properties, and appreciation of the yen

Published Thu, Oct 31, 2019 · 09:50 PM

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Singapore

PARKWAY Life Real Estate Investment Trust (Reit) on Thursday posted a 1.9 per cent rise in distribution per unit (DPU) to 3.3 Singapore cents for the third quarter ended Sept 30, from 3.23 Singapore cents a year ago.

Gross revenue climbed 5.4 per cent to S$29.9 million, from S$28.4 million last year on the back of higher rent from its Singapore properties, and appreciation of the Japanese yen.

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