Parkway Life REIT

Parkway Life Real Estate Investment Trust (REIT) is a healthcare and related real estate investment trust based in Singapore. It was listed on the Singapore Exchange in 2007 and is managed by Parkway Trust Management Limited.
The REIT’s portfolio primarily consists of healthcare and healthcare-related assets such as hospitals, nursing homes, and medical centers, with a focus on Asia-Pacific countries including Japan, Singapore, and Malaysia.
The company’s objective is to provide investors with a stable and growing distribution income, while maintaining an appropriate risk-adjusted total return. It also aims to achieve long-term growth in net asset value by actively managing its portfolio and seeking acquisition opportunities.
Parkway Life REIT’s sponsor is Parkway Hospitals Singapore Pte Ltd, a leading private healthcare provider in Asia. The REIT benefits from a strong balance sheet and a stable and experienced management team.
As of 31 December 2020, Parkway Life REIT had a total property value of S$2.0 billion and a portfolio of 53 properties across its target markets. Its major tenants include reputable healthcare providers such as IHH Healthcare Berhad, Ramsay Health Care Limited, and Thomson Medical Group.
The REIT has consistently outperformed its benchmarks and delivered a stable and growing distribution per unit (DPU) to its unitholders. It is also actively seeking opportunities to expand its portfolio through strategic acquisitions and asset enhancements.
In summary, Parkway Life REIT is a reputable healthcare and related REIT with a strong track record of performance, a stable portfolio, and a well-established sponsor.

1. Focused on Healthcare Real Estate: Parkway Life REIT is one of the few pure-play healthcare REITs in Asia, with a portfolio consisting mainly of healthcare-related properties such as hospitals, nursing homes, and medical centers.
2. Diversified Portfolio: The company’s portfolio is well-diversified, with properties spread across four geographical regions - Japan, Singapore, Malaysia, and South Korea. This reduces the risk associated with localized economic or regulatory changes.
3. Strong Sponsorship: Parkway Life REIT is sponsored by Parkway Holdings Limited, a leading healthcare provider in Asia with a strong track record and established reputation. This provides stability and credibility to the REIT.
4. Long Lease Tenure: The average lease tenure in the company’s portfolio is 10.5 years, providing stable and predictable cash flows for investors.
5. High Occupancy Rates: The REIT has consistently maintained high occupancy rates, thanks to its prime locations and long-term leases with reputable healthcare operators.
6. Stable and Growing Distribution: Parkway Life REIT has a track record of consistently increasing its distribution per unit (DPU) over the years, providing investors with a stable and growing stream of income.
7. Strong Financial Position: With a prudent debt-to-asset ratio and a solid credit rating, the REIT has a strong financial position, providing stability and resilience in challenging market conditions.
8. Proactive Capital Management: Parkway Life REIT has a proactive approach to capital management, with a focus on maintaining a well-staggered debt maturity profile and a prudent hedging policy to manage interest rate and currency risks.
9. Strong Corporate Governance: The company has a strong corporate governance framework in place, with independent directors making up a majority of the board and regular engagement with unit holders.
10. Sustainability and Social Responsibility: Parkway Life REIT is committed to sustainability and social responsibility, with initiatives in place to reduce its environmental impact and promote community wellness.