ParkwayLife Reit - With rate cut likely happen in December, reit sector may likely rise higher ! I think boat is back!
Nibbled small units at 4.01 and 4.05. Pls dyodd.
3rd quarter results update Parkway Life Reit has raised its distribution per unit (DPU) by 2.3 per cent to S$0.1156 from S$0.113 in the previous corresponding period.
Distributable income stood at S$75.4 million, up 10.4 per cent from S$68.3 million.
Revenue climbed 8.2 per cent to about S$117.3 million, boosting net property income by 8.1 per cent to about S$110.7 million. The price has corrected from 4.44 to close at 4.00. It looks like a gd pivot entry point.
Yield is about 3.85% seem quite decent!
Pls dyodd.
PLIFE REIT REPORTS STURDY 1H 2025 RESULTS WITH HIGHER REVENUE
AND DPU, SUPPORTED BY STRATEGIC GEOGRAPHIC EXPANSION
Gross revenue and net property income rose by 8.1% and 8.0% YoY
respectively, reflecting income growth from acquisitions
DI grew by 9.5% year-on-year attributed to acquisitions in 2024 and
Singapore hospitals with step-up lease arrangements
DPU increased 1.5% year-on-year to 7.65 Singapore cents for 1H 2025
Financial position remains healthy with gearing at 35.4% and no long-term
refinancing needs until September 2026
he Group delivered a resilient performance during the period, supported by
higher rental contributions from its core Singapore hospitals and incremental income
from newly acquired assets in Japan and France.
Gross revenue for the half-year rose 8.1% year-on-year (“YoY”) to S$78.3 million,
while net property income grew 8.0% to S$73.8 million. Distributable income to
unitholders increased 9.5% YoY to S$49.9 million. Arising from an enlarged unit base3,
this translated into a Distribution per Unit (“DPU”) of 7.65 Singapore cents, a 1.5%
increase from the 7.54 Singapore cents declared in the same period last year.
The improved performance was driven by additional contributions from the acquisition
of 11 nursing homes in France and one nursing home in Japan in 2H 2024, partially
offset by the depreciation of the Japanese Yen (“JPY”). Meanwhile, the Group’s
Singapore hospitals continued to deliver steady growth under long-term master leases
with fixed 3% annual rental step-ups through FY2025.
Resilient Portfolio Anchored by Singapore, Strengthened by Geographic
Diversification
As at 30 June 2025, PLife REIT’s portfolio comprised 75 properties across Singapore,
Japan, Malaysia, and France, with a total value of approximately S$2.46 billion3. The
entry into France in 2024 marked the Group’s first expansion into Europe and reflects
its strategic focus on diversifying income source away from Japan through exposure
to mature healthcare markets with long-term demand drivers.
Singapore remains the anchor of the portfolio, contributing steady and predictable
income. The Group’s three hospital properties are operated by Parkway Hospitals
Singapore Pte Ltd, a wholly owned subsidiary of IHH Healthcare Berhad, under long-
term master leases of 20.4 years. These leases include fixed annual rental step-ups of 3%.
