Parkway Life REIT's DPU Jumps 15% in H1

MT Newswires

08/04

Parkway Life REIT's (SGX:C2PU) distribution per unit or DPU jumped 15% in the first half of the year to SG$0.0877 from SG$0.0765 a year earlier, according to a Tuesday filing with the Singapore Exchange.

Distribution to unitholders rose 15% to SG$57.2 million from SG$49.9 million in the prior period.

Net property income fell 2% to SG$72.4 million compared with SG$73.8 million in the year-ago period.

Gross revenue edged down 1.6% year over year to SG$77.1 million from SG$78.3 million.

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