Parkway Life REIT DPU up 10.3% in Q2

Thanks to higher revenue and income from its properties.

Healthcare REIT Parkway Trust Management Limited (Parkway Life)'s distribution per unit (DPU) rose by 10.3% to 3.32 cents for Q2 this year.

According to the company's financial statement, the net property income increased 1.4% to $25.9m. Higher rent contribution from acquired properties and positive rental reversions contributed to the higher NPI.

The period also brought in a 1.1% revenue growth for the company.

Refinancing initiatives and yen depreciation, however, has pushed the group's finance cost savings down to $1.9m.

"Despite the growth of portfolio, finance costs have decreased mainly due to the finance cost savings arising from the refinancing initiatives completed in 2016 and in 1Q 2017 and depreciation of the Japanese Yen," the Parkway Life said.

Parkway Life owns a total of 49 properties in the Asia Pacific, including three hospitals in Singapore and 45 healthcare-related assets in Japan.

The company's portfolio size is at $1.7b as of the current time period.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia