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Parkway Life REIT Review @ 31 January 2023
By REIT-TIREMENT  •  January 31, 2023
Basic Profile & Key Statistics
Main Sector(s): HealthcareCountry(s) with Assets: Singapore, Japan & MalaysiaNo. of Properties (exclude development/associate/fund): 61

Key Indicators

Performance Highlight
Gross revenue, NPI, distributable income and DPU increased yoy mainly due to the straight-lining of rental, contributions from nursing homes acquired between Jul 2021 to Sep 2022 and higher rent from Singapore properties. Distributable income to unitholders and DPU have improved slightly despite a lesser % mainly due to gross revenue and NPI including the straight-lining of rental.
Asset Enhancement Initiatives

Refurbishment work of Mount Elizabeth Hospital is expected to take 3 years from 3rd Jan 2020 to FY2025.

Distribution Breakdown
Distributable Income Breakdown:100% from OperationDistribution = 96.7% of Distributable Income

Related Parties Shareholding

REIT sponsor's shareholding: Above median for more than 20%REIT manager's shareholding: Below median for more than 20%Directors of REIT manager's shareholding: Above median for more than 20%

Lease Profile

Occupancy: ± 5% from medianWALE: Above median
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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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