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ParkwayLife Reit – 1st Half Results is out! DPU is up 14.6 percent to 8.77 cents. DI is up 14.6 percent to 57.2m, awesome
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TheFinance.sg
Parkway Life REIT - 1H2026 Results Out!
DPU is up 14.6% to 8.77 cents, while DI rose 14.6% to S$57.2 million.
Gross revenue for the half year stood at S$77.1 million, while net property income was S$72.4 million.
Compared to the corresponding period last year, gross revenue and net property income declined by 1.6% and 2.0% respectively, mainly due to the depreciation of the Japanese Yen and lower rental income from affected Japan assets.
As the REIT has hedged its net income from Japan, the impact on reported revenue will be substantially mitigated by foreign exchange gains realised upon settlement of its forward contracts.