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ParkwayLife REIT reports 3.5% rise in 1Q DPU to 3.28 cents

Stanislaus Jude Chan
Stanislaus Jude Chan4/26/2019 07:53 PM GMT+08  • 2 min read
ParkwayLife REIT reports 3.5% rise in 1Q DPU to 3.28 cents
SINGAPORE (Apr 26): The manager of ParkwayLife Real Estate Investment Trust (PLife REIT) has announced distribution per unit (DPU) of 3.28 cents for the 1Q19 ended March, some 3.5% higher than DPU of 3.17 cents in the corresponding quarter a year ago.
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SINGAPORE (Apr 26): The manager of ParkwayLife Real Estate Investment Trust (PLife REIT) has announced distribution per unit (DPU) of 3.28 cents for the 1Q19 ended March, some 3.5% higher than DPU of 3.17 cents in the corresponding quarter a year ago.

Total distributable income to unitholders was 3.5% higher at $19.8 million, compared to $19.2 million a year ago.

The increase was mainly led by an acquisition, rental growth of existing properties, and financing cost savings.

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