Shares & Derivatives
Parkway Life REIT DPU Increases for 3Q 2015
By My Sweet Retirement  •  November 6, 2015
Parkway Life REIT announces its results for the third quarter of 2015 (3Q 2015) on 5th November 2015. Distribution Per Unit (DPU) increases 15.6% to 3.36 cents from 2.90 cents as compared to same quarter last year. Key Financial Indicators Gross revenue increased 2.5% to S$26.0 million from $25.3 million. According to the press release, the higher revenue was primarily from higher yielding properties acquired from the asset recycling initiative and higher rent from the Singapore properties. Net property income increase 2.4% to S$24.3 million from S$23.7 million. As mentioned in the press release, the adverse impact from  the depreciation of the Japanese Yen has been mitigated as Parkway Life REIT has hedged its Japan net income for the next few years. Debt As at 30 September 2015, Parkway Life REIT weighted average debt term to maturity stands at 3.7 years. Gearing ratio remains at ......
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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