Parkway Life REIT NPI up 7.5% in Q1

Revenue for the period also grew 7.3%.

Parkway Life REIT reported a 7.5% increase in net property income for the first quarter of 2025, rising to $34.276m from $31.876m in the same period last year.

Revenue also grew 7.3% to $38.980m, compared to $36.322m in the same period last year.

The increase in NPI and revenue was driven by acquisitions, including a nursing home in Japan in August 2024 and eleven nursing homes in France in December 2024.

The REIT also posted a higher distribution per unit of $0.0384, up 1.3% from $0.0379 in Q1 2024, due to stronger distributable income from these acquisitions and step-up lease arrangements at Singapore hospitals.

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