Can this Singapore healthcare REIT continue to grow? And is it still worth buying today? Let’s dive in.
At S$2.6 billion market cap, Parkway Life REIT is one of Asia’s largest healthcare-focused real estate investment trusts.
It has been listed on the Singapore Exchange since August 2007.
Now, Parkway Life REIT owns three highly profitable Singapore hospitals: Mount Elizabeth Hospital, Gleneagles Hospital and Parkway East Hospital.
More than that, it also owns nursing homes and medical facilities across four countries.
Its shares have returned over 258% over the past 18 years. Its current yield sits at ~4%, with a 1.68x P/B ratio. This is one of the highest valuations among Singapore REITs.
Can this Singapore healthcare REIT continue to grow? And is it still worth buying today? Let’s dive in.
Parkway Life REIT’s portfolio breakdown
Other than its three Singapore hospitals, Parkway Life REIT also owns 75 nursing homes and medical facilities across four countries....