Parkway Life REIT DPU Increases for 3Q 2015

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Parkway Life REIT announces its results for the third quarter of 2015 (3Q 2015) on 5th November 2015. Distribution Per Unit (DPU) increases 15.6% to 3.36 cents from 2.90 cents as compared to same quarter last year.

Key Financial Indicators

Gross revenue increased 2.5% to S$26.0 million from $25.3 million. According to the press release, the higher revenue was primarily from higher yielding properties acquired from the asset recycling initiative and higher rent from the Singapore properties.

Net property income increase 2.4% to S$24.3 million from S$23.7 million.

As mentioned in the press release, the adverse impact from  the depreciation of the Japanese Yen has been mitigated as Parkway Life REIT has hedged its Japan net income for the next few years.

Parkway Life REIT 3Q 2015 Results

Debt

As at 30 September 2015, Parkway Life REIT weighted average debt term to maturity stands at 3.7 years. Gearing ratio remains at a healthy level of 35.8%.

Portfolio

As at 30th September 2015, Parkway Life REIT has 47 properties. Parkway Life REIT invests in income-producing real estate and real estate related assets that are used primarily for healthcare and healthcare-related purposes.

Singapore

  • Mount Elizabeth Hospital
  • Gleneagles Hospital
  • Parkway East Hospital

Japan

Akita Prefecture:

  • Sawayaka Sakurakan

Chiba Prefecture:

  • Senior Chonaikai Makuhari Kan
  • P-Life Matsudo

Fukuoka Prefecture:

  • Hapine Fukuoka Noke
  • Sawayaka Obatake Ichibankan
  • Sawayaka Obatake Nibankan
  • Sawayaka Shinmojikan
  • Sawayaka Nogatakan
  • Sawayaka Fukufukukan
  • Sawayaka Mekari Nibankan
  • Sawayaka Kiyotakan
  • Habitation Jyosui
  • Habitation Hakata I, II, III

Hyogo Prefecture:

  • Palmary lnn Akashi
  • Palmary Inn Suma
  • Palmary Inn Shin-Kobe

Kanagawa Prefecture:

  • Bon Sejour Shin-Yamashita
  • Fureai no Sono Musashi Nakahara
  • Ocean View Shonan Arasaki

Okayama Prefecture:

  • Amille Nakasyo

Osaka Prefecture:

  • Bon Sejour Ibaraki
  • Fiore Senior Residence Hirakata
  • Maison des Centenaire Ishizugawa
  • Maison des Centenaire Haruki
  • Iyashi no Takatsuki Kan
  • Legato Higashi Sumiyoshi
  • Legato Katano
  • Royal Residence Gotenyama
  • Happy Life Toyonaka
  • Maison des Centenaire Hannan
  • Sunhill Miyako
  • Maison des Centenaire Ohhama

Saitama Prefecture:

  • Smiling Home Medis Musashi Urawa
  • Smiling Home Medis Koshigaya Gamo
  • As Heim Nakaurawa

Hokkaido Prefecture:

  • Sawayaka Higashikagurakan
  • Liverari Shiroshi Hana Ichigo-kan
  • Liverari Shiroshi Hana Nigo-kan
  • Liverari Misono

Ehime Prefecture:

  • Sawayaka Niihamakan

Niigata Prefecture:

  • Sawayaka Minatokan

Mie Prefecture:

  • Sawayaka Seaside Toba

Aichi Prefecture:

  • Excellent Tenpaku Garden Hills

Malaysia, Kuala Lumpur

  • Gleneagles Intan Medical Centre, Kuala Lumpur

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