Basic Profile & Key Statistics
Performance Highlight
Gross revenue and NPI declined slightly YoY mainly due to the depreciation of the Japanese Yen. On the other hand, the amount available for distribution and DPU have improved YoY probably due to the foreign exchange gain arising from hedging.
Related Parties Shareholding
The REIT sponsor and directors of the REIT manager hold a relatively high proportion of shares, while the REIT manager holds a relatively low proportion.
Lease Profile
The committed occupancy is high and WALE is long with no major lease expiry within the next 4 years.
Debt Profile
The debt profile is excellent; PLife has a high adjusted interest coverage ratio, lost cost of debt, 100% unsecured debt, long WADM and a well-spread debt maturity.
Diversification Profile
PLife lacks diversification in terms of geography, tenants, and properties.
Key Financial Metrics
Key financial metrics are favorable, underpinned by high property yield, high operating distributable income on capital,
