PLife REIT profit climbs 10% on Japan and France acquisitions
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Parkway Life Real Estate Investment Trust (PLife REIT) reported a 10% increase in profit for Q3 2025, attributed to new nursing home acquisitions in Japan and France, alongside stable rental income from Singapore hospitals. Net property income rose 8.1% YoY to $110.7 million, with distributable income up 10.4% to $75.4 million. The REIT declared a year-to-date distribution per unit of 11.56 cents, a 2.3% increase from last year. PLife REIT also divested its Malaysia portfolio for $6.09 million and maintained a gearing ratio of 35.8%.
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