Parkway Life REIT's NPI grew 5.3% to $28.22m in Q2

Uploaded By:  Nathanielle Punay Submitted By:  Nathanielle Punay Case Study:  No Revenue contribution from three Japan nursing rehabilitation facilities led its growth. Parkway Life REIT (PL REIT) saw its net property income (NPI) rise 5.3% YoY in Q2 to $28.22m from $26.81m in Q2 2019, an SGX filing revealed. NPI in H2 inched up 4.9% YoY to $56m from $53.35m. Gross revenue rose 4.9% YoY to $30.3m in Q2 from $28.86m, mainly due to revenue contribution from three Japan nursing rehabilitation facilities acquired in Q4 2019. Higher rent from Singapore properties, as well as appreciation of the Japanese Yen also contributed. read more