Distributable income rose 2.5 per cent year on year to S$20.3 million, from S$19.8 million.Meanwhile, for the half year ended June 30, DPU was higher at 6.68 cents, versus 6.55 cents a year ago, and distributable income grew 1.9 per cent to S$40.4 million.
Gross revenue was 5.1 per cent higher at S$60.1 million, while NPI rose 4.9 per cent to S$56 million for the half year. Chief executive of the Reit's manager, Yong Yean Chau, said the Reit's"resilient performance" was achieved through favourable rental lease structures, effective debt management, and prudent financial risk management.
"All our properties continue to be in operation even as the Covid-19 outbreak persisted during the quarter," he said."With the gradual easing of restrictions in the countries where Parkway Life Reit is present, all healthcare tenants have continued to enforce strict precautionary measures to ensure safety of their employees and patients/nursing care residents."
Mr Yong added that the Reit's manager will continue to monitor the Covid-19 situation closely and adapt its tenant-support measures accordingly.BT is now on Telegram!
Source: News Formal (newsformal.com)
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