Friday, July 25, 2008

P-Reit Beats 2Q08 Forecast By 6%

Source : The Business Times, July 25, 2008

Parkway Life Real Estate Investment Trust (P-Reit) on Friday said that its distributable income for Q208 came to $10.0 million (US$7.3 million), exceeding the forecast of $9.4 million by 6.4 per cent.

Distribution per unit (DPU) for the three months ended June 30, 2008 was 1.66 cents. This was also 6.4 per cent higher than the forecast DPU of 1.56 cents.

There is no comparable period for 2007 as P-Reit was only listed on the Singapore Exchange in August last year.

Looking ahead, P-Reit said that the private healthcare sector remains robust even in the current volatile market conditions. The trust should enjoy strong growth and see attractive asset acquisition opportunities, it said. -- UMA SHANKARI, BT NEWSROOM

No comments: