Parkway Life REIT's net property income up 1.5% to $24m in Q2

On back of higher rental income.

Parkway Life REIT reported that its net property income grew 1.5% year-on-year to $24m in the second quarter.

The group enjoyed higher rental income thanks to the completion of the asset recycling initiative in March this year, which had resulted in a full quarter rental contribution from seven new properties in the second quarter.

The higher rental income was able to offset the loss in income from the divested seven assets that were of less strategic value.
 

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