Parkway Life REIT inches up DPU by 1% in FY 2024

Revenue for the period stood at $145.3m.

Parkway Life Real Estate Investment Trust (PLife REIT) reported a 1% year-on-year increase in distribution per unit (DPU) to 14.92 cents for the full year ended 31 December 2024,

Excluding the impact of an enlarged unit base from an equity fundraising exercise, the REIT’s DPU would have risen 2.3% to 15.11 cents, compared to 14.77 cents in 2023.

The steady DPU growth was supported by disciplined capital management, a diversified portfolio, and effective hedging strategies.

The group's revenue for FY 2024 stood at $145.3m, a 1.5% decline from the previous year, mainly due to a weaker Japanese yen. However, contributions from recent acquisitions helped cushion the impact.

The REIT also mitigated foreign exchange risks through hedging, with gains from forward contract settlements offsetting the drop in revenue.

With an asset portfolio valued at $2.46b, PLife REIT said it remains focused on delivering sustainable returns through prudent financial management and strategic growth initiatives.

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