Parkway Life Reit DPU up 2.8% in YTD 2023

The company's gross revenue recorded 24.6% growth due to higher hospital rents.

With a strong balance sheet, Parkway Life Reit's DPU grew 2.8% YoY to 10.99 cents in YTD 2023.

In a financial statement, the group also reported higher gross revenue of $110.9m with higher rental from Singapore hospitals.

They also posted no long-term debt refinancing until March 2024, with a low all-in debt cost of 1.32%.

It also mitigated financial risks due to Japan's acquisition which is fully funded by JPY loans. Its income FX risk was also defrayed with JPY net income hedges, which are applicable until the first quarter of 2027.

Follow the link for more news on

Parkway Life REIT

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