On 30 April 2026, Parkway Life REIT (“PLife”) released their first quarter business update for FY2026. On a quarter-on-quarter basis, PLife recorded a strong sequential increase in DPU. This was achieved despite the liquidation of the Miyako Group, which led to vacancies across five Japanese properties. Management confirmed these properties account for approximately 1.6% of projected FY2026 gross revenue. PLife retained four to eight months of security deposits, providing adequate income cover while evaluating re-leasing or divestment options for these assets. PLife also secured a 10-year, JPY 8.8 billion social loan, extending a portion of its debt to 2036 and lengthening its overall weighted average debt maturity. While PLife already have a significant portion of their borrowings that are already interest rate hedged, this is a strategic move as the Bank of Japan is highly anticipated to continue increasing interest rates over the next few months. The proactive debt extension by management is a highly favourable development to mitigate risks....