General S-REITs Discussion Thread

thegodfather

thegodfather

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Would one consider Parkway Life REIT/ First REIT?

Parkway has an impressive line of good hospitals with specialist. But the pay out yield is not that fantastic.


both are slightly over the NAV.

Would like to have some suggestions!!

Broke after averaging down on my semb corp today! I should have dump them in to reits more dividends :D
 
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numbers

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parkway and first reit defensive reit.....low payout but safer la.....even in bad economy the hospitals need to operate and ppl no matter how bad economy also need see doctors mah...

ppl can shop less, or office can move elsewhere but doctor and specialist bo bian one....
 
Perisher

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thegodfather

thegodfather

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numbers said:
parkway and first reit defensive reit.....low payout but safer la.....even in bad economy the hospitals need to operate and ppl no matter how bad economy also need see doctors mah...

ppl can shop less, or office can move elsewhere but doctor and specialist bo bian one....
Click to expand...

yupp i agree but if to choose base on yield, FIRST looks better. but if you say the quality of specialist, seems like parkway is worth the bet. That said It is bias for me to say so as i have not much info on the FIRST reits hospital but strong sponsor Lippo gives me huge confidence
 
tiny

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numbers said:
parkway and first reit defensive reit.....low payout but safer la.....even in bad economy the hospitals need to operate and ppl no matter how bad economy also need see doctors mah...

ppl can shop less, or office can move elsewhere but doctor and specialist bo bian one....
Click to expand...

People can choose to visit government hospitals for subsidised medical fees. No meh? Reits charge high rent and it get passed down to customers.
 
thegodfather

thegodfather

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tiny said:
People can choose to visit government hospitals for subsidised medical fees. No meh? Reits charge high rent and it get passed down to customers.
Click to expand...

that is a good point. There is an increase of govt hospitals but still parkways hospitals are quite niche. any bros wanna chip in?
 
donald83

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thegodfather said:
that is a good point. There is an increase of govt hospitals but still parkways hospitals are quite niche. any bros wanna chip in?
Click to expand...

There are alot of rich foreigers from Indo etc who come to Singapore for medical advice. They can also spend alot here

Furthermore, more locals are covered by insurance and they will go private hospital to claim

I still think healthcare reits are resilient
 
thegodfather

thegodfather

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tiny said:
People can choose to visit government hospitals for subsidised medical fees. No meh? Reits charge high rent and it get passed down to customers.
Click to expand...

true and govt hospitals have improved much.. However to get subsidies rate. still have to wait...
 
lasnoblur

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healthcare doesnt mean resilient.
best example is healthway medical. (even though it is not a reit)
 
Genosis

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donald83 said:
I still think healthcare reits are resilient
Click to expand...

Yup, the leases for hospitals are typically long (10-15 years). Unlike retail REITs which 2-3 years.

The rental structure is also pegged to the CPI +1%, so it is a good way to benefit from inflation.
 
yihao93

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Genosis said:
CMT and Ascendas REIT are the only 2 A-rated ones (less risky). The credit rating for the rest are BBB or below (riskier).



Go for REITs with long WALE, strong sponsor, low gearing, high % of debts on fixed interest rates, track record of consistent DPU growth.
Click to expand...

is there a website that consolidates all these info for past xx months?
 
yihao93

yihao93

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looking into ascendas reit, hope price drop after x-div nxt week
hope can kope some by then
 
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