The Business Times

parkway life reit

Companies & Markets

Parkway Life Reit Q3 DPU up 2.3% at S$0.1156

Its distributable income rises 10.4% to S$75.4 million

Eng-Kwok Seat Moey (left) is a veteran banker who was formerly group head of capital markets at DBS. Robin Hu has been on the board of Parkway Life Reit’s manager as independent director since July 2025.
Companies & Markets

Parkway Life Reit appoints Robin Hu as board chairman, Eng-Kwok Seat Moey as independent director

They will take up their new roles on Oct 20

Gleneagles Hospital is an asset in Parkway Life Reit's portfolio. The Reit's distributable income stood at S$49.9 million, up 9.5% from S$45.6 million.
Companies & Markets

Parkway Life Reit H1 DPU up 1.5% at S$0.0765 on new assets, higher rental contributions

Its Singapore hospitals have long-term master leases with fixed 3% annual rental step-ups

The Reit posted higher distribution per unit for Q1 FY2025 on the back of acquisitions made in the latter half FY2024. Residence d’Automne (pictured) is one of 11 nursing homes the Reit acquired in France in its maiden investment into Europe.
Companies & Markets

Parkway Life Reit Q1 DPU up 1.3% at S$0.0384 on nursing home acquisitions

It adds one more nursing home to Japan portfolio and buys 11 in France

The deal will mark PLife Reit’s exit from Malaysia, as the units and lots were its sole investment in the market and contributed only 0.2% to the trust's asset value.
Companies & Markets

Parkway Life Reit exits Malaysia with RM20.1 million sale of strata medical suite units, lots

The buyer is a wholly owned unit of IHH Healthcare, which is a substantial unitholder of the trust

Gleneagles Hospital is an asset in Parkway Life Reit's portfolio. Based on the latest appraised values, the Reit’s asset portfolio is worth close to S$2.5 billion.
Reits & Property

Parkway Life Reit H2 DPU falls 1.3% to S$0.0738 on enlarged unit base

Distributable income for the period rises 1.2% to S$45.8 million

Parkway Life Reit purchased 11 nursing homes in France in October 2024.
Companies & Markets
BROKERS’ TAKE

Maybank initiates Parkway Life Reit coverage with ‘buy’ call, S$4.10 price target, on strong growth prospects

The analyst expects its acquisition in France and in-built rent escalation in Singapore to support DPU growth

Research analysts say healthcare assets are poised for long-term growth, driven by an ageing population and the attendant higher incidences of chronic diseases.
Companies & Markets

OCBC says healthcare S-Reits offer defence amid slower rate cuts, names top picks

Analysts name Parkway Life Reit as their favourite choice for its growth potential; First Reit also gets a “buy” rating

Parkway Life Reit, which owns Mount Elizabeth Hospital, has grown its portfolio to 64 properties, of which about 60% by gross revenue is in Singapore.
Companies & Markets

Parkway Life Reit’s five-year journey to the West

Trust is marking its first foray into Europe with acquisition of 11 nursing homes in France

Parkway Life Reit, which owns Mount Elizabeth Hospital, is issuing nearly 47.4 million new units on or around Nov 1, 2024.
Companies & Markets

Parkway Life Reit’s private placement closes at S$3.80 apiece

This represents the lowest end of the estimated issue price range

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