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PLife REIT profit climbs 10% on Japan and France acquisitions

The higher nursing home income lifted Q3 performance and distributions.

Parkway Life Real Estate Investment Trust (PLife REIT) posted higher profit in Q3 2025, driven by new nursing home acquisitions in Japan and France and stable rental income from its Singapore hospitals, according to a company filing.

Net property income rose 8.1% year on year (YoY) to $110.7m, whilst distributable income increased by 10.4% to $75.4m. The trust declared a year-to-date distribution per unit of 11.56 cents, up 2.3% from the previous year.

PLife REIT completed the divestment of its Malaysia portfolio in August for $6.09m. The REIT maintained a gearing ratio of 35.8% with 86% of interest exposure hedged. It also secured a 7-year JPY loan to refinance part of its 2026 debt, extending its average debt maturity to 3.2 years.

Its portfolio now comprises 74 healthcare properties valued at $2.46b across Singapore, Japan, and France.
 

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