*Official* Parkway Life Reit (SGX: C2PU)

[SpeedingBullet]

damnit man why Plife REIT so resilient, fire also cannot bring the stock down

 

[Squaredot]

damnit man why Plife REIT so resilient, fire also cannot bring the stock down

I’m waiting to load too

 

[Shion]

Parkway Life REIT favoured for ‘commendable' 1Q DPU growth: CGS-CIMB

Parkway Life REIT favoured for ‘commendable' 1Q DPU growth: CGS-CIMB

https://www.theedgesingapore.com/ca...-favoured-‘commendable-1q-dpu-growth-cgs-cimb

SINGAPORE (Apr 24): CGS-CIMB Research has maintained its “hold” rating with an unchanged target price of $3.38 for Parkway Life REIT (PLife REIT).

This comes as the brokerage noted that PLife REIT’s 1Q2020 distribution per unit (DPU) of 3.32 cents was “within expectations, at 25%” of the brokerage’s FY2020 forecast.

The brokerage has also reduced its DPU forecast for FY2020 by 1.1% to factor in the $1.7 million set aside to aid tenants affected by the Covid-19 pandemic.

In a Tuesday report, analyst Lock Mun Yee believes that PLife REIT possesses a stable yield backed by its defensive income structure due to its reinforced balance sheet with a longer debt maturity profile and lower-cost debt.

According to Lock, PLife REIT has a gearing at 38.5% at end 1Q2020, and a debt headroom of $240 million, “assuming a gearing limit of 45% to tap potential inorganic growth opportunities”.

“While we like PLife REIT for its stable yield backed by its defensive income structure, our recommendation remains a ‘hold’ given the 5.6% total returns potential based on the current share price. Upside risks include accretive acquisitions, while downside risks include deflationary periods whereby Singapore rent revisions would revert to 1%,” she says.

As at 12.34pm, units of Parkway Life REIT are trading 4 cents lower, or down 1.2% at $3.36.

 

[MichealScott]

This was also on my watchlist until it rose so high till I had to look to other reits

 

[Shion]

from Lim & Tan

 

[thisislife]

it's ever increasing!!!

 

[Shion]

Parkway Life Reit posts 2.5% rise in Q2 DPU to 3.36 S cents

Parkway Life Reit posts 2.5% rise in Q2 DPU to 3.36 S cents

https://www.businesstimes.com.sg/co...e-reit-posts-25-rise-in-q2-dpu-to-336-s-cents

PARKWAY Life Real Estate Investment Trust's (Parkway Life Reit) distribution per unit (DPU) rose by 2.5 per cent to 3.36 Singapore cents for its second quarter ended June 30, from 3.27 cents a year ago.

Gross revenue was up 4.9 per cent to S$30.3 million for the quarter, from S$28.9 million a year ago.

This was due to contribution from three nursing rehabilitation facilities in Japan acquired on Dec 13, 2019, higher rent from its Singapore properties, and the appreciation of the yen, the healthcare real estate investment trust (Reit) said in a regulatory filing on Tuesday.

The Reit owns 53 properties in the Asia-Pacific region, including three hospitals in Singapore and 49 healthcare and healthcare-related assets in Japan.

Net property income (NPI) grew 5.3 per cent on the year to S$28.2 million for the quarter, from S$26.8 million.

Distributable income rose 2.5 per cent year on year to S$20.3 million, from S$19.8 million.

The distribution will be paid out on Sept 2, after books closure on Aug 6.

Meanwhile, for the half year ended June 30, DPU was higher at 6.68 cents, versus 6.55 cents a year ago, and distributable income grew 1.9 per cent to S$40.4 million.

Gross revenue was 5.1 per cent higher at S$60.1 million, while NPI rose 4.9 per cent to S$56 million for the half year.

Chief executive of the Reit's manager, Yong Yean Chau, said the Reit's "resilient performance" was achieved through favourable rental lease structures, effective debt management, and prudent financial risk management.

"All our properties continue to be in operation even as the Covid-19 outbreak persisted during the quarter," he said. "With the gradual easing of restrictions in the countries where Parkway Life Reit is present, all (our) healthcare tenants have continued to enforce strict precautionary measures to ensure safety of their employees and patients/nursing care residents."

Mr Yong added that the Reit's manager will continue to monitor the Covid-19 situation closely and adapt its tenant-support measures accordingly.

Units of Parkway Life Reit closed at S$3.40 on Monday, down S$0.01 or 0.3 per cent.

 

[Shion]

Parkway Life Reit joins FTSE EPRA NAREIT Global Developed Index

Parkway Life Reit joins FTSE EPRA NAREIT Global Developed Index

https://www.businesstimes.com.sg/co...joins-ftse-epra-nareit-global-developed-index

PARKWAY Life (PLife) Reit will be included in the FTSE EPRA NAREIT Global Developed Index after the close of business on Sept 18, it said on Thursday.

The index is a leading benchmark index for listed real estate investment companies and Reits worldwide; it was developed by FTSE Russell in collaboration with the European Public Real Estate Association (EPRA), the European association for listed real estate, as well as the National Association of Real Estate Investment Trusts (NAREIT), a US-based association for Reits and publicly-traded real estate companies.

Yong Yean Chau, chief executive of the Reit manager, said: "It is a significant milestone for us to be included in the index. This bears testament towards our commitment in achieving long-term growth and value for our unitholders, and highlights PLife Reit's resilience despite on-going uncertainties in the macro economy.

"Inclusion in the index will enhance trading liquidity and visibility to investors and index funds worldwide, reaffirming our strong position as one of the largest listed healthcare Reits in Asia."

The counter rose three Singapore cents or 0.78 per cent to S$3.89 on Thursday.

 

[OddEye]

The chance to load is actually in march.. All came to the show too late

 

[SpeedingBullet]

$4 here we come

 

[Pocoyoz]

Those bought at 0.7x during 2008 huat until siao

Sent from Xiaomi REDMI NOTE 8 PRO using GAGT

 

[Shion]

$4 here we come

by next month

Those bought at 0.7x during 2008 huat until siao

Sent from Xiaomi REDMI NOTE 8 PRO using GAGT

indeed

 

[Pocoyoz]

+0.25 --> $4.10

 

[heng_ah]

Nicely done .... my first multibagger!

 

[simon_84]

Those bought at 0.7x during 2008 huat until siao

Sent from Xiaomi REDMI NOTE 8 PRO using GAGT

high chance they have taken profit long ago.

 

[5408854088]

Parkway Trust Management Limited, as manager of Parkway Life Real Estate Investment Trust (“Parkway Life REIT”), will be announcing Parkway Life REIT’s 3rd quarter financial results for the financial period ended 30 September 2020 before the start of trading in the morning of Wednesday, 4 November 2020.

https://links.sgx.com/1.0.0/corpora...07b4eb2bd18c091c05c7f3a5df915d1348c52190a863c

 

[Shion]

Parkway Life Reit raises Q3 DPU by 7.4% to 3.54 S cents

Parkway Life Reit raises Q3 DPU by 7.4% to 3.54 S cents

https://www.businesstimes.com.sg/co...-life-reit-raises-q3-dpu-by-74-to-354-s-cents

PARKWAY Life Real Estate Investment Trust's (Parkway Life Reit) distribution per unit (DPU) rose 7.4 per cent to 3.54 Singapore cents for its third quarter ended Sept 30, 2020, from 3.3 cents a year ago.

Gross revenue was up 0.8 per cent to S$30.2 million for the quarter, from S$29.9 million the year before.

This was largely due to contributions from three Japan nursing rehabilitation facilities acquired in Q4 2019, higher rent from Singapore properties as well as the appreciation of yen, the Reit manager said on Wednesday.

The higher rent was partially offset by a one-off receipt of insurance proceeds for the reimbursement of property repair expenses incurred by certain Japanese assets in 2019, the manager added.

Meanwhile, net property income grew 2 per cent on the year to S$28.1 million for the quarter, from S$27.6 million.

Distributable income to unitholders rose 7.4 per cent year on year to S$21.4 million, from S$19.9 million. The distribution will be paid out on Dec 8, after books closure on Nov 12.

Yong Yean Chau, chief executive of the manager, said with a strong portfolio of quality assets combined with active capital management strategies, the Reit can continue to deliver improved returns to unitholders.

Units of Parkway Life Reit closed at S$4.10 on Tuesday, up S$0.07 or 1.7 per cent.

 

[Squaredot]

DPU up! Excellent!

 

[pylpoh]

whats happening??

 

[foo9883]

whats happening??

Vaccine news