parkway life reit

Net property income is down 2% year on year at S$72.4 million

Amount is about 38% higher than what it paid 18 years ago, and 5% above the latest valuation

Revenue falls 2.1% to S$38.2 million, dragging net property income down 2.7% to S$35.8 million

This week in ESG: Bank under fire for loans to Harita Nickel; healthcare-focused Reit adds S$142 million of sustainable financing

The 10-year social loan is the first such facility the bank extends to the healthcare sector

The Singapore hospital portfolio also saw organic rental growth with step-up lease agreements

Its distributable income rises 10.4% to S$75.4 million

They will take up their new roles on Oct 20

Its Singapore hospitals have long-term master leases with fixed 3% annual rental step-ups