Parkway Life REIT (PLife REIT) reported a 7.4% y-o-y growth in distribution per unit (DPU) to 3.57 cents for the 1QFY2021 ended March.

According to its 1QFY2021 business update dated April 23, total distributable income for the period came in at $21.6 million, up 7.4% y-o-y from $20.1 million previously.

Net property income (NPI) for the 1QFY2021 grew 1% to $28.8 million, following 0.4% y-o-y growth in revenue for the period grew to $30 million.

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