Income investors devote their search to finding the “Holy Grail” for REITs — one that has continued to raise its distribution per unit (DPU) without fail over the years. While Singapore is famous for being a REIT hub, not many REITs can lay claim to consecutive increases in DPU through thick and thin. A myriad of factors, including the Global Financial Crisis and the current pandemic, have negatively impacted many REITs and their tenants. However, Parkway Life REIT (SGX: C2PU), or PLife REIT, can certainly make this bold claim. The healthcare REIT, which owns a diversified portfolio of 55 properties located in Singapore, Japan and Malaysia, has been a bastion of consistency when it comes to paying out distributions. Since its IPO in 2007, the REIT has increased its recurring DPU every single year without fail. PLife REIT’s prospective dividend yield, however, stands at a mere 2.9%. The question now is – should investors buy into this REIT now?...