Real Estate Daily Report

Yen depreciation hurts Parkway Life REIT's quarterly net property income

  • 📰 SBRMagazine
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

pstrongNPI for the period was down 2.8% YoY./strong/p pParkway Life REIT reported a 2.8% YoY lower net property income (NPI) of $34.3m in 1Q24./p pThe REIT also saw its gross revenue decline by 2.7% YoY to $36.3m./p pThe REIT attributed the decline in its NPI and gross revenue to the depreciation of the Japanese Yen.

NPI for the period was down 2.8% YoY.The REIT also saw its gross revenue decline by 2.7% YoY to $36.3m.

The REIT attributed the decline in its NPI and gross revenue to the depreciation of the Japanese Yen.Despite lower gross revenue and NPI, the REIT's distribution per unit rose 4.0% YoY to $0.0379. The REIT will distribute the DPU in 1H24. ...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.Startup future-proofs coffee with bean-free alternative amidst climate crisisColliers transforms Singapore office into regional powerhouse1.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in PROPERTY

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore properties boost OUE Commercial REIT’s NPI by 6.9% YoYpstrongThese properties include Hilton Singapore Orchard./strong/p pThe net property income of OUE Commercial REIT rose 6.9% YoY to $60.5m in 1Q24, driven by enhanced contributions from Hilton Singapore Orchard and the robust performance of Singapore's commercial properties.
Source: SBRMagazine - 🏆 13. / 51 Read more »

Mapletree Logistics Trust's DPU declines 2.5% YoY in 4Q23/24 despite higher NPIpstrongNPI for the period was 0.6% YoY higher./strong/p pMapletree Logistics Trust (MLT) reported a 2.5% YoY lower available distribution per unit (DPU) of $0.02211 in 4QFY23/24 despite higher net property income (NPI) and amount distributable to unitholders.
Source: SBRMagazine - 🏆 13. / 51 Read more »