Singapore Stock Market News

Parkway Life REIT - Steady Ship

StockFanatic
Publish date: Fri, 06 Nov 2015, 03:44 PM
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Steady ship in the midst of uncertainty
Parkway Life REIT (Plife REIT) offers one of the strongest earning visibilities among S-REITs, with a weighted average lease expiry of close to 9.9 years. Its Singapore operations (c.67% of revenues) are forecasted to grow at CPI + 1%, ensuring that rental income keeps pace with inflation growth. The remaining 40% are derived from its nursing homes and healthcare facilities in Japan which offer long-term certainty given a weighted average lease expiry of 14 years.
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