Singapore-listed Healthcare REIT Parkway Life (PLife REIT) has reported a distribution per unit (DPU) of 2.69 cents for its 4Q12 which ended December 31. This represents a year-on-year jump of 9.5% from its previous 4Q distribution of 2.4 cents. This brings PLife REIT's total distribution for 2012 to 10.31 cents per unit. This is up 7.5% from its full year distribution in 2011.
|PLife REIT's boost in NPI for 4Q12 has been attributed to higher rents from its properties in Singapore.|
Gross revenue inched up 5% from the previous year quarter to S$23.98 million while net property income (NPI) increased 7.6 per cent to S$86.4 million. Income available for distribution's up to S$62.4 million, a jump of 7.5%. The boost has been attributed to higher rents from existing properties in Singapore and income from newly acquired assets in 2012.