Parkway Life REIT has announced its financial results for the first quarter of 2025, with the amount available for distribution rising 9.1% year-on-year to SGD 25.03 million.
The robust performance was primarily driven by the REIT's recent acquisitions, including one nursing home in Japan acquired in August 2024 and eleven nursing homes in France purchased in December 2024.
These new additions, along with Singapore properties featuring step-up lease arrangements, contributed to a 7.3% increase in gross revenue to SGD38.98 million and a 7.5% rise in net property income to SGD36.83 million compared to the same period last year.
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