- Gross revenue increased 13% to S$147.5 million in FY2023 from S$130.0 million in FY2022.Net property income (NPI) also increased 14% to S$139.1 million in FY2023 (FY2022: $121.9 million).
- PLIFE REIT achieved its 16th consecutive year of uninterrupted distribution per unit (DPU) growth since its IPO, excluding one-off divestment gains in FY2015 and FY2017. In FY2023, its DPU reached a record high of 14.77 cents. Distribution income increased by 2.7%, reaching
Parkway Life Real Estate Investment Trust (PLIFE REIT) owns a portfolio of 63 properties with a total portfolio size of approximately S$2.23 billion as of 31 December 2023. PLIFE REIT invests primarily in assets that are used for healthcare and healthcare-related purposes.
Most of its assets are located in Singapore (67.6%) which include Mount Elizabeth Orchard Hospital, Gleneagles Hospital, and Parkway East Hospital; followed by Japan (32.2%); and a small portion in Malaysia (0.2%). Here are eight things I learned from the 2024 PLIFE REIT annual general meeting.
