Parkway Life Reit to pay out 2.69 cents per unit for fourth quarter, up 9.5%
Healthcare-based Parkway Life Real Estate Investment Trust (PLife Reit) has reported a 9.5 per cent rise to $16.3 million in fourth quarter income available for distribution.
Distribution per unit for the three months to Dec 31 increased to 2.69 cents from 2.47 cents.
This takes distribution to unitholders for the full year to 10.31 cents per unit, up 7.5 per cent compared to 2011.
PLife Reit registered gross revenue of $24 million in the fourth quarter, a 5 per cent increase.