Parkway Life REIT (PLife REIT) has posted 2QFY2021 ended June distribution per unit (DPU) of 3.38 cents, up 0.7% y-o-y from 3.36 cents previously.

This brings its 1HFY2021 DPU to 6.95 cents, up 4% y-o-y from 6.68 cents previously.

Gross revenue declined by 2.3% y-o-y in the 2QFY2021 to $29.6 million and by 1% y-o-y in the 1HFY2021 to $59.6 million. The manager attributes the decline to the loss of income from the divestment of non-core property in Japan in January, as well as the depreciation of the Japanese yen.

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