Parkway Life REIT‘s (SGX: C2PU) share price (technically known as unit price for REITs) right now is at S$3.57.
At that unit price, Parkway Life REIT is valued at a price-to-book (PB) ratio of 1.8 and has a distribution yield of 3.7%.
Would I be investing in this REIT even though it looks expensive at a glance?
Let’s explore using my 10-step guide to pick the best Singapore REITs.
As a summary, here are the 10 steps I use to pick the best Singapore REITs:
Growth in Gross Revenue and Net Property Income Growth in Distribution Per Unit Property Yield of Between 5% and 9% Gearing Ratio of Below 40% Interest Coverage Ratio of Above 5x Healthy Portfolio Occupancy Rate Positive Rental Reversions Presence of Growth Prospects Acceptable Price-to-Book Ratio Distribution Yield of Above 5% Business Background
Before we start analysing Parkway Life REIT, let’s find out what its