{
  "id": 17882427,
  "title": "Parkway Life Reit 9M DPU rises 13.4% to S$0.131 on higher rental receipts",
  "url": "https://urgent.news/2026/11/03/parkway-life-reit-9m-dpu-rises-13-4-to-s-0-131-on-higher-rental",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T00:36:54.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/parkway-life-reit-9m-dpu-rises-13-4-s0-131-higher-rental-receipts"
  },
  "original_language": "en",
  "account": "Parkway Life Real Estate Investment Trust reported a 13.4% increase in distribution per unit to S$0.131 for the nine months ending September 30, 2026, compared to S$0.1156 in the same period last year. The net amount available for distribution rose to S$85.5 million, up 13.4% from S$75.4 million. The growth was driven by higher rental receipts from Singapore hospitals under an annual rent review formula and a step-up lease arrangement for nursing homes in France. However, overall gross revenue declined 1.9% to S$115.1 million due to a weakening Japanese yen and reduced rental income from nursing homes in Japan, which were partially offset by higher contributions from Singapore hospitals. Net property income fell 2.4% to S$108 million, reflecting reduced revenue and tenant exits at five properties in Japan. The Reit's net income from Japan is hedged, with foreign-exchange gains expected to offset the weaker revenue. Gearing stood at 34.8%, with an all-in debt cost of 1.72% and an interest coverage ratio of 7.9 times.",
  "summary": "However, gross revenue is down 1.9% to S$115.1 million, due partly to the depreciation of the Japanese yen",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}