Shares & Derivatives
Parkway Life REIT Analysis @ 18 August 2020
By REIT-TIREMENT  •  August 18, 2020
Basic Profile & Key Statistics Parkway Life REIT (PLife) invests in healthcare properties which include hospitals, medical centres, nursing homes, and a pharmaceutical product distributing and manufacturing facility. I've classified the distribution and manufacturing facility under the industrial sector. Lease Profile Occupancy is at a max capacity of 100%, which is normal for healthcare REIT. WALE is long at 6.12 years where the highest lease expiry of 57.5% falls in the year 2022. Weighted land lease expiry is slightly long at 74.15 years. Debt Profile Gearing ratio is slightly high at 38.3%. Cost of debt is very low at 0.6%, which is the lowest among SREITs. Fixed-rate debt is high at 88%. 100% of its debt is unsecured. Interest cover ratio is high at 15.8 times. WADE is short at 2.3 years where the highest debt maturity of 26.9% falls in the year 2021. Diversification Profile Top geographical contribution is moderate at 58.1%. Top property, top tenant, and top 10 tenants contributions are high at 36.8%, 8.1%, and 85.3% respectively....
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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