- Parkway Life REIT's 1Q25 revenue and net property income (NPI) grew 7.3% and 7.5% y-o-y to S$39.0m and S$36.8m, respectively. Contributions from newly acquired nursing homes in France and Japan, as well as rental step-ups for hospitals in Singapore were partially offset by JPY depreciation.
- - Read this at SGinvestors.io -
Balance sheet remains robust, in our view.
- In terms of capital management, Parkway Life REIT’s gearing rose 1.3 percentage points (ppt) to 36.1% as at 31 Mar 2025 on additional drawdown of loans for CAPEX and working capital purposes, as well as JPY appreciation since the previous balance sheet date (31 Dec 2024). Nonetheless, gearing remains at a manageable level.
- - Read this at SGinvestors.io -
Parkway Life REIT has announced the divestment of its Malaysia portfolio (comprising strata units and lots at MOB Specialist Clinics) to Pantai Medical Centre.
- Read more at SGinvestors.io.
