Parkway Life REIT posts 3.7% drop in 2Q DPU to 3.19 cents on absence of one-off gains

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SINGAPORE (July 26): The manager of Parkway Life REIT (PLife REIT) declared a 2Q18 DPU of 3.19 cents, bringing 1H18 DPU to 6.36 cents, 3.6% lower than 6.60 cents in 1H17.

2Q18 DPU was 3.7% lower compared to 3.32 cents in 2Q17 due to the absence of one-off distribution of divestment gain, which was present in 2Q17.

For 2Q18, total distributable income to unitholders fell 3.7% to S$19.3 million from S$20.1 million in the previous year... (Click here to read the full story)