Shares & Derivatives
ParkwayLife REIT 1Q2020 Financial Results – Stable In Times of Uncertainties
By My Sweet Retirement  •  April 25, 2020
ParkwayLife REIT is a healthcare REIT. If you are familiar with ParkwayLife REIT, you know that their major assets are the nursing homes in Japan. Japan is not spared from the COVID-19 pandemic either. ParkwayLife REIT has announced their 1Q2020 financial results on 22nd April 2020. Although the financial results are not as impressive as industrial REITs, ParkwayLife REIT had performed pretty well. Gross Revenue increased by 5.2% to S$29.9 million in 1Q2020. Net Property Income (“NPI”) grew by 4.5% to S$27.7 million due to rental from newly acquired properties in 4Q2019. Distributable amount increased by 5.7% to S$21.0 million. Even though ParkwayLife REIT had planned to set aside S$1.7 million as part of COVID-19 related relief measures to support their tenants where necessary, they only retained S$850,000 in 1Q2020. Distribution Per Unit (“DPU”) still grew 1.4% to 3.32 cents...
Read the full article
By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance