PLife Reit scouring region for new opportunities
DPU rises 10.2% to a record 2.9 S'pore cents for Q2
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
PARKWAY Life Reit (PLife Reit), which hit a quarterly record high in distribution per unit (DPU) for fiscal second quarter, is actively seeking new opportunities in the region.
It now wants to consolidate its assets in Japan to generate operating synergies and achieve greater cost savings, following its recent acquisitions there.
"The overall growing demand for quality private healthcare facilities and services as well as increased healthcare expenditure in Asia paints a positive outlook for the regional healthcare industry over the next few years," said Yong Yean Chau, chief executive of Parkway Trust Management, the Reit's manager.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
