ParkwayLife Reit    Last:4.14   -

Parkway Life REITS

PARKWAY LIFE REIT DELIVERS STRONG 1Q 2010 RESULTS

�� Gross revenue increases 14.1% to S$18.6 million

�� Net property income increases 13.4% to S$17.2 million

��

yield of 6.09%DPU increases 9.7% to 2.07 cents for 1Q 2010, representing annualised distribution

��

healthcare demandWell-positioned for growth on improving economy and growing regional

 

what  is  its  current  YIELD?

 

Parkway Hldgs Ltd	11-Mar-2010	FGHL	Deemed Interest	Buy	269499	3.56	0	0.00	269499	23.86
Parkway Hldgs Ltd	11-Mar-2010	FHIL	Deemed Interest	Buy	269499	3.56	0	0.00	269499	23.86
Parkway Hldgs Ltd	11-Mar-2010	FHL	Deemed Interest	Buy	269499	3.56	0	0.00	269499	23.86
Parkwaylife Reit	11-Mar-2010	FHIL	Deemed Interest	Buy	215840	na.00	0	0.00	215840	35.74
Parkway Hldgs Ltd	11-Mar-2010	IHL	Deemed Interest	Buy	269499	3.56	0	0.00	269499	23.86
Parkwaylife Reit	11-Mar-2010	SMS	Deemed Interest	Buy	215840	na.00	0	0.00	215840	35.74
Parkway Hldgs Ltd	11-Mar-2010	FHHL	Deemed Interest	Buy	269499	3.56	0	0.00	269499	23.86
Parkway Hldgs Ltd	11-Mar-2010	SHPL	Deemed Interest	Buy	269499	3.56	0	0.00	269499	23.86
Parkwaylife Reit	11-Mar-2010	MMS	Deemed Interest	Buy	215840	na.00	0	0.00	215840	35.74
Parkway Hldgs Ltd	11-Mar-2010	MHPL	Deemed Interest	Buy	269499	3.56	0	0.00	269499	23.86
Parkway Hldgs Ltd	11-Mar-2010	Shivinder Mohan Singh	Deemed Interest	Buy	269499	3.56	0	0.00	269499	23.86
Parkway Hldgs Ltd	11-Mar-2010	Malvinder Mohan Singh	Deemed Interest	Buy	269499	3.56	0	0.00	269499	23.86
Parkwaylife Reit	11-Mar-2010	SHPL	Deemed Interest	Buy	215840	na.00	0	0.00	215840	35.74
Parkwaylife Reit	11-Mar-2010	MHPL	Deemed Interest	Buy	215840	na.00	0	0.00	215840	35.74
Parkwaylife Reit	11-Mar-2010	FHHL	Deemed Interest	Buy	215840	na.00	0

 

Parkway Life REIT is engaged in investing primarily in income-producing real estate and/or real estate-related assets in the Asia-Pacific region (including Singapore) that are used primarily for healthcare and/or healthcare-related purposes

(including, but not limited to, hospitals, healthcare facilities and real estate and/or real estate assets used in connection with healthcare research, education, and the manufacture or storage of drugs, medicine and other healthcare goods and devices),

whether wholly or partially owned, and whether directly or indirectly held through the ownership of special purpose vehicles whose primary purpose is to own such real estate.

As at 31 December 2008, Parkway Life REIT?s total portfolio size stands at 13 properties

 

You make me think that we can buy a room from hospital under parkway life (Mt E, Gleneagles, etc) and rent it out n(together with the pretty nurse)   and collect rental from those super rich indo patients huh!    hahaha!

Mt E used to be the indonesians favourite ...

jonahach      ( Date: 21-Nov-2009 19:55) Posted: Healthcare + Property = Next growth sector?

 

Parkway Life REIT: Buy (UOB Kay Hian, 24 Nov)
 
Parkway Life REIT has completed the purchase of eight nursing homes in Japan for ¥5b (S$77.6m).
The properties have high average occupancy rate of 90.5% and the acquisition is yield accretive
and provides initial net yield of 8.3%, compared to 6.1% for Parkway Life REIT’s existing
portfolio of nursing homes. 
 
Parkway Life REIT possesses strong defensive qualities due to long-term leases for healthcare
assets. The acquisition further enhances its defensive qualities. We have raised our 2010 and
2011 DPU forecasts by 11.3% and 11.1% respectively to 8.9 cents and 9.0 cents after factoring
the contributions from the latest acquisition in Japan.
 
We like Parkway Life REIT for its healthcare focus. It is a hedge against inflation as rental
income from hospitals in Singapore and nursing homes in Japan are linked to inflation. 
 
We have raised our target price from S$1.65 to S$1.84. 

 

Healthcare + Property = Next growth sector?