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.
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