On 16 October 2024, Parkway Life REIT (“PLife”) announced their third quarter business update for FY2024. There are no significant changes this quarter for the REIT and the Japan macro environment. PLife have continued to strengthen their Japan portfolio with a newly built nursing home property in Osaka for JPY2,446.2 million (approximately SGD20.7 million) in Osaka at approximately 9.1% below valuation in August 2024. This is also at favorable exchange rates given that the decrease in interest rates for USD have resulted in significant appreciation of JPY against other currencies. General positive actions to give investors a peace of mind.
Website: Financial Statements And Related Announcement::Third Quarter Results
Photo source: https://fifthperson.com/2021-parkway-life-reit-agm/
Financial Highlights
Distribution Per Unit (“DPU”)
Metrics |
Current |
Previous |
Distribution Per Unit |
+2.8% |
+3.5% |
DPU for the
nine months ending 30 September 2024 have increased by
2.8% to
SGD0.1130 per share from SGD0.1099 per share for the same period in the previous financial year. The smaller increase compared to the previous quarter was due to...