Parkway Life Real Estate Investment Trust

Posted by admin on November 5, 2009 under Articles | 4 Comments to Read

PLife REIT: Enjoys Continued Growth For 3Q 2009. – Parkway Life Real Estate Investment Trust is pleased to announce a strong set of figures for the third quarter and nine months ended 30 September 2009. For 3Q 2009, PLife REIT saw gross revenue increase by 23.6%, from S$13.3 million in 3Q 2008 to S$16.5 million in 3Q 2009. Net property income grew from S$12.5 million in 3Q 2008 to reach S$15.4 million this quarter, which is a 23.3% rise. PLife REIT’s continued growth for 3Q 2009 is a result of increased rental income from the Japanese properties and the upward rental revision of the Singapore Hospitals