Parkway Life, a Singapore-listed Real Estate Investment Trust, reported that its Q3 distribution per unit (DPU) hit 1.91 cents, 12.1 percent higher than the previous year.
Its net property income for the three months ended September also increased by 23.3 percent to S$15.4 million.
According to Parkway Life, the continued growth on its third quarter DPU was largely attributed to the upward rental income of its hospital in the country, as well as the increased rental income generated from its Japanese properties.
Parkway Life is the largest healthcare REIT in Asia to enjoy a strong growth over the long term.
The healthcare trust said the demand for quality private healthcare remains flexible and it will continue to grow as its driven by an increasing ageing population and growing affluence in the country.