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Parkway Life REIT’s 3Q DPU falls 8.8% to 3.06 cents on absence of one-off gain

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Parkway Life REIT’s 3Q DPU falls 8.8% to 3.06 cents on absence of one-off gain

Michelle Zhu Published on Thu, Oct 27, 2016 / 8:14 AM GMT+8

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SINGAPORE (Oct 27): Parkway Life REIT (PLife REIT) has declared a distribution per unit (DPU) of 3.06 cents for 3Q16, 8.8% lower than the 3.36 cents in the same period a year ago.

This was mainly due to the absence of one-off distribution of the $9.11 million divestment gain which was equally distributed in the four quarters in FY2015.

Gross revenue for the quarter grew 8.2% to $28.1 million.

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