- Parkway Life REIT’s 1H25 gross revenue and net property income jumped 8.1% and 8% y-o-y to S$78.3m and S$73.8m, respectively – This was driven by contributions from newly-acquired nursing homes in France and Japan, as well as built-in rental escalations for the Singapore hospitals, partially offset by JPY depreciation.
1H25 DPU in line with our expectations.
- - Read this at SGinvestors.io -
- Distributable income increased 9.5% y-o-y to S$49.9m; together with a larger unit base, 1H25 Parkway Life REIT's DPU grew 1.5% y-o-y to 7.65 Singapore cents. This constituted 50% of our full year forecast, meeting our expectations. The distribution is due to be paid out on 9 Sep 2025.
Healthy balance sheet.
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Potential for tax exemptions for remaining four of 11 French nursing homes.
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