---
title: "PLife REIT H1 DPU rises 14.6% on higher SG hospital contributions"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294764820.md"
description: "Parkway Life REIT reported a 14.6% year-on-year increase in H1 2026 distribution per unit to 8.77 cents, driven by higher rental contributions from Singapore hospitals and step-up leases in France. Distributable income rose to $57.2m. However, net property income fell 2% due to yen weakness and a tenant exit in Japan. The REIT also sold a Japanese nursing home for approximately $9.4m, realizing a $0.6m gain."
datetime: "2026-08-04T03:37:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294764820.md)
  - [en](https://longbridge.com/en/news/294764820.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294764820.md)
generator: "portal-rs"
---

# PLife REIT H1 DPU rises 14.6% on higher SG hospital contributions

**However, NPI dipped 2% on yen weakness and a tenant exit in Japan.** 

Parkway Life REIT’s distribution per unit rose 14.6% year-on-year to 8.77 cents in the first half of 2026 (H1), up from 7.65 cents a year earlier.

Distributable income grew by the same rate to $57.2m from $49.9m, according to a bourse filing. 

The increase was attributed to higher rental contributions under the Singapore hospitals’ annual rent review formula and step-up lease arrangements in France.

The Singapore hospitals portfolio recorded a $0.8m revenue-sharing uplift for the first quarter after stronger operating performance at Gleneagles Hospital and Parkway East Hospital. 

The amount was not included in the first-half distribution and will be distributed in the second half together with any full-year revenue-sharing entitlement, where applicable, the REIT’s manager, Parkway Trust Management Limited, said.

Distributable income also benefited from the absence of a $0.9m tax provision booked for the France portfolio in the corresponding period last year. 

However, H1 gross revenue decreased 1.6% to $77.1m, whilst net property income fell 2% to $72.4m.

The manager attributed the decline to the depreciation of the Japanese yen and lower rental income following a tenant’s exit from five nursing home properties in Japan. 

Separately, Parkway Life REIT completed the sale of a Japanese nursing home for approximately $9.4m on 30 June. The sale generated a gain of about $0.6m.

The divestment price was 38% above the property’s acquisition cost and 5% higher than its latest independent valuation.

### Related Stocks

- [C2PU.SG](https://longbridge.com/en/quote/C2PU.SG.md)

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**