Financial PerformancePREIT delivered a solid financial performance with gross revenue and NPI increasing 8.1% and 8.0% respectively, driven by contributions from strategic acquisitions.
Geographic DiversificationThe acquisition of 11 freehold nursing homes in France was completed and accounted for 7.8% of group NPI, enhancing geographical diversification.
Tax BenefitsPREIT has applied for and received tax exemption approval, leading to estimated full-year tax savings of c.$1.26m for its French properties.