The manager of Parkway Life Real Estate Investment Trust (PLife REIT) reported distribution per unit (DPU) of 3.36 cents for 2Q20 ended June, 2.5% higher than the 3.27 cents in 2Q19.

This brings 1H20 DPU to 6.68 cents, 1.9% higher than the 6.55 cents a year ago.

Gross revenue for 2Q20 grew 4.9% y-o-y to $30.3 million mainly due to revenue contribution from three Japan nursing rehabilitation facilities acquired in 4Q19, higher rent from Singapore properties as well as the appreciation of the Japanese Yen (JPY).

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