Sunday, January 29, 2012

PLife Reit's distributable income for Q4 up 3.2% at $14.9m

Business Times: Sat, Jan 28
(Singapore)


PARKWAY Life Real Estate Investment Trust's distributable income for Q42011 increased 3.2 per cent to $14.9 million from a year ago, as a result of yield-accretive acquisitions made in Japan, higher rent from existing properties and savings from lower financing costs.
Accordingly, distributable income per unit (DPU) for Q42011 rose to 2.47 cents from 2.38 cents in the previous year, Parkway Trust Management Ltd, the Reit's manager, said yesterday. Distribution payment is expected on Feb 29, 2012. Distributable income for FY2011 increased 9.2 per cent to $58.1 million, while DPU for the year grew to 9.60 cents from 8.79 cents...

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