Basic Profile & Key Statistics
Parkway Life REIT (PLIFE) is a healthcare REIT that invests mainly in hospitals, medical centres and nursing homes. PLife owns 53 properties across Singapore, Japan and Malaysia.
Performance Highlight
Gross revenue and NPI decreased slightly due to the absence of income from P-Life Matsudo (divested on 29 Jan 2021) and depreciation of JPY. The increase in DPU is mainly due to the absence of one-off COVID-19 related relief measures retained.
PLIFE has completed the acquisition of 2 nursing homes in Japan on 9 July 2021, which should improve earnings in upcoming quarters.
Related Parties Shareholding
- REIT sponsor's shareholding is high at 35.56%
- REIT manager's shareholding is low at 0.31%
- Directors of REIT manager's shareholding is moderate at 0.16%
Lease Profile
- Occupancy is high at 99.7%
- WALE is long at 5.15 years
- Highest lease expiry within 5 years is high at 59.5% which falls in 2022. However, an agreement for a lease framework
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