PLife Reit's Q3 DPU rises to 2.66 cents
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PARKWAY Life Real Estate Investment Trust (PLife Reit) saw distribution per unit (DPU) for the third quarter ended September rise 3.5 per cent to 2.66 cents, from 2.58 cents a year ago.
This is on the back of a 3.5 per cent rise in distributable income to $16.1 million, after retaining $750,000 for capital expenditure.
Meanwhile, gross revenue dipped 2.4 per cent to $23.3 million, primarily due to the depreciation of the Japanese yen. This was offset by recognition of rental income from the properties acquired in July, and higher rent from the Singapore properties.
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