Parkway Life Reit's Q4 DPU up 16.1%
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Singapore
HEALTHCARE play Parkway Life Reit on Tuesday said it has raised its hedging against interest rate movements, and has no long-term loan refinancing needs until 2017, as it reported a 16.1 per cent rise in its distribution per unit (DPU) for the fourth quarter.
Its DPU for the three months ended Dec 31, 2015, stood at 3.37 Singapore cents, up 16.1 per cent from 2.9 cents for the year-ago period. This was largely boosted by a divestment gain of S$2.3 million, which was part of the total distribution earned from the sale of seven Japan properties in December 2014. Full-year DPU was 13.29 cents, up 15.3 per cent.
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