Parkway Life REIT DPU Increases for 3Q 2015

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Parkway Life REIT announces its results for the third quarter of 2015 (3Q 2015) on 5th November 2015. Distribution Per Unit (DPU) increases 15.6% to 3.36 cents from 2.90 cents as compared to same quarter last year.

Key Financial Indicators

Gross revenue increased 2.5% to S$26.0 million from $25.3 million. According to the press release, the higher revenue was primarily from higher yielding properties acquired from the asset recycling initiative and higher rent from the Singapore properties.

Net property income increase 2.4% to S$24.3 million from S$23.7 million.

As mentioned in the press release, the adverse impact from  the depreciation of the Japanese Yen has been mitigated as Parkway Life REIT has hedged its Japan net income for the next few years. Read More

Summary of October 2015 Transactions

Portfolio_201510_Oct

Last month, many stocks have fell in prices. After the Fed announced not to increase interest rates, the stock market started to stage a slow recovery in the following weeks. Singapore has also avoided a technical recession and the STI hover around the 3000 level.

Taking opportunity, I bought The Hour Glass, Mapletree Commercial Trust and Keppel Reit as at current levels, they are cheaper to buy.

I have also sold off Challenger Technologies according to plan with a profit of 64%.

I have received dividends from Frasers Commercial Trust and TVB (Interim dividend of HKD 0.60).