SINGAPORE (Apr 22): The manager of Parkway Life Real Estate Investment Trust (PLife REIT) has announced distribution per unit (DPU) of 3.32 cents for the 1QFY2020 ended March, some 1.4% higher than DPU of 3.28 cents in the corresponding quarter a year ago.

The DPU growth came despite retention of $0.85 million for Covid-19 related relief measures for the quarter. In total, PLife REIT is setting aside $1.7 million to provide targeted assistance and support measures for affected tenants.

Excluding this Covid-19 related retention, amount available for distribution would have been at $21.0 million, 5.7% higher than a year ago.

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