– Gross revenue of S$22.8 million, which represents a 6% increase y-o-y from 1st Quarter 2011.
– Distribution Per Unit (DPU) of 2.56 for the quarter, which represents a 8.5% increase y-o-y from 1st Quarter 2011. With its latest closing price at 1.865, this represents an approximately 5.5% yield. For a stable reit business model with impressive growth rate year to year, this seems like a good value.
– Moving forward, Plife Reits do seem like it will further acquire potential quality private healthcare in Japan, boosting its already multi-properties owned in Japan.
– With increasing demand for healthcare services and the rising of ageing populations (especially in Japan), Plife Reits will definitely look to benefit from the trend.
– I am vested with 6 lots.