2 ways to ride on India market: replicate Reit or pump in properties EVEN as Fortis Healthcare and Parkway Holdings are pondering over the possible synergies that the healthcare partners can leverage on from their new relationship, one analyst has suggested that they look into real estate too. Simranjit Singh, director of healthcare practice at Frost & Sullivan Asia Pacific, said that with the India...
Parkway Life Reit
Singapore-listed Parkway Life real estate investment trust (REIT) has reported a fourth quarter distribution per unit (DPU) of 2.05 Singapore cents, up 11.6 per cent from a year ago. Net property income for the three months ended December grew 9.2 per cent to S$16.5 million. For the full year, net property income was up 23.1 per cent at S$61.9 million. Parkway Life said the higher revenue was due mainly...
Parkway Life Real Estate Investment Trust (REIT) is expanding its Japanese nursing home portfolio by acquiring eight properties for some S$77.6 million. The REIT said it is buying the eight nursing homes at a favourable pricing from Japanese real estate asset manager, Kenedix. Parkway Life REIT said all the nursing homes are strategically located in dense residential districts, making them attractive...
Singapore-listed Parkway Life Real Estate Investment Trust has reported a third-quarter distribution per unit (DPU) of 1.91 cents, up 12.1 per cent from a year ago. Net property income for the three months ended September grew 23.3 per cent to S$15.4 million. Parkway Life said it saw continued growth in the third quarter as a result of increased rental income from its Japanese properties and an upward...
Singapore Exchange's Mainboard-listed Parkway Life Real Estate Investment Trust (REIT) has posted a 13.7 per cent rise in its second quarter distributable income per unit (DPU) to 1.89 Singapore cents, from 1.66 cents a year ago. This was on the back of a 27.9 per cent increase in net property income to S$15 million in the same quarter, from S$11.7 million last year. Gross revenue in the three months...
Mainboard-listed Parkway Life Real Estate Investment Trust (REIT) said Friday that its issuer default rating was downgraded. Ratings agency Fitch cut Parkway Life REIT's rating to 'BBB' from 'BBB+', giving it a stable outlook. Fitch said the REIT could be impacted by its sponsor, Parkway Holdings, the owner of Parkway Hospital Singapore. Parkway Hospital is the operator of the REIT's three hospitals...
Singapore-listed Parkway Life REIT said it has achieved a distribution per unit (DPU) of 1.89 Singapore cents for the first quarter, up 17 percent from a year ago. This was on the back of a 37 per cent rise in net property income for the three months ended March to S$15.2 million. The trust saw higher revenue from its Singapore hospital properties and positive contributions from its Japan properties. As...
Parkway Life REIT (PREIT) will pay 1.84 cents per unit for its fiscal fourth quarter. This is nearly 18 per cent higher than its forecast. For the full year, unitholders can expect a payout of 6.83 cents per unit - about 9 per cent higher than forecast. All in for the full year, PREIT had S$41.2 million to distribute to unitholders, exceeding its forecast by 9.4 per cent. PREIT said its total net...
Parkway Life Real Estate Investment Trust (PREIT) said it will distribute 1.71 Singapore cents per unit for its third quarter. The total distribution of about S$10.3 million is some 10 per cent higher than forecast. The announcement came as the trust posted strong third quarter results for the year. Its total net property income came to some S$12.5 million, more than 15 per cent higher than...
Parkway Life Real Estate Investment Trust (REIT) has announced it will revise annual rent for its Singapore hospital properties upwards by 6.25 per cent. These properties include Mount Elizabeth Hospital, Gleneagles Hospital and East Shore Hospital, and were leased to Parkway Hospitals Singapore for a term of 15 years from 2007. Parkway Trust Management said the properties are the main contributor to the...