PLife REIT Q1 DPU rises 15.1% on higher SG hospital rents
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Parkway Life REIT (PLife REIT) reported a 15.1% increase in distribution per unit to 4.42 cents for Q1 2026, with distributable income rising to $28.8 million. However, gross revenue fell 2.1% to $38.2 million due to yen depreciation and tenant exits in Japan. The group anticipates a 24.3% increase in minimum rent to $99.1 million for FY2026, driven by CPI-linked adjustments. Net property income also declined by 2.7% to $35.8 million. PLife REIT's portfolio is valued at approximately $2.57 billion, comprising 74 properties.
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