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Author: reitscompass   |   Latest post: Sat, 8 Feb 2020, 5:29 PM

 

Parkway Life REIT Enjoys DPU Growth With Three New Japan Properties

Author:   |    Publish date:


Key Highlights:

  • Parkway Life REIT (SGX: C2PU)'s 4Q19 DPU grew 2%

  • The annualised yield and price to book ratio are 3.9% and 1.74 respectively

 

1. Dividends

Net property income was up 2.3% to $27.3m. The was mainly due to:

  • Three new Japan properties acquired in Dec 2019

  • Rental growth from existing properties

  • Cost savings from refinancing activities

 

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