Parkway Life REIT: Delivers 17 Years Of Uninterrupted Growth In Recurring DPU.

06 Feb 2025 10:18

Full Year Growth in Distribution Per Unit of 1.0%, reaching 14.92 cents for FY 2024. Excluding the impact of equity funding raising, DPU for 2024 would have been 2.3% higher than last year. Remains committed to Singapore while diversifying out of Japan into a 3rd key market. Strategic foray into the European region with an acquisition of 11 nursing homes properties in France at approximately 3.7% below valuation. Successful maiden EFR via private placement of approximately S$180.0 million to fully finance the France acquisition. Healthy Gearing Ratio of 34.8%, with no long-term debt refinancing needs until September 2026...

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Source: ShareInvestor Express