was macht man wenn man einen Wert unbedingt haben will und einen Monat auf en kauf wartet, man kauft überteuert :-D Ist zwar als long gedacht, da aber in DE schwer zu handeln hats die größe einer kleinen Zockerposi.
Parkway Life REIT ("PLife REIT") is one of Asia's largest listed healthcare REITs. It invests in income-producing real estate and real estate-related assets used primarily for healthcare and healthcare-related purposes. As at 31 March 2019, PLife REIT's total portfolio size stands at 50 properties totalling approximately S$1.86 billion.
Steady DPU Growth Since IPO ―DPU for 2Q 2019 at 3.27cents; DPU for 1H 2019 at 6.55cents ―DPU grew by 2.6% (2Q Y-O-Y) and 3.0% (1H Y-O-Y)
Strong Capital Structure1 ―Further extended JPY net income hedge till 1Q 2024 capitalising on the recent strengthening of JPY ―No long-term debt refinancing needs till 20202 ―Interest cover ratio of 13.8 times ―Gearing remains optimal at 36.9% ―All-in cost of debt of 0.91%
Parkway Life REIT's (PLife REIT) Baa2 issuer rating reflects its ability to generate stable and recurring income from its healthcare properties. Majority of its properties are under long term lease agreements which provide revenue visibility as well income stability. The rating also considers the trust's financial flexibility as all its debt is unsecured.
Singapore, 3 December2019–Parkway Trust Management Limited (the “Manager”), as manager of Parkway Life Real Estate Investment Trust (“PLife REIT”), one of Asia’s largest listed healthcare REITs, is pleased to announce the acquisition of three nursing rehabilitation facilities in Japan (collectively, the “Properties”) from K.K.Habitation, Fuyo ShojiKabushiki KaishaandMedical Corporation Shojin-kai (collectively, the “Vendors”) for a total consideration of JPY3,700 million (approximately S$46.3million3).
Steady DPU Growth Since IPO ―DPU for 4Q 2019 up 2.0% (4Q Y-O-Y) to 3.34 cents ―Full year DPU growth of 2.5% y-o-y to 13.19 cents ―Strong growth of 108.7% since IPO
Strengthening of Japan Portfolio ―Acquisition of three nursing rehabilitation facilities at JPY3.7 billion/S$46.3 million1 ―Purchase price approximately 7.0% below valuation ―Net property yield of 6.8% ―Solidified PLife REIT’s position through geographical and tenant diversification within Japan
Strong Capital Structure ―No significant debt refinancing needs in 20202 ―Interest cover ratio of 14.1 times ―Gearing remains optimal at 37.1% ―About 83% of interest rate exposure is hedged ―All-in cost of debt of approximately 0.80%
Valuation Gain In Properties ―Valuation gain of $43.0 million (2.2%) of the total portfolio as at 31 December 2019
* Revenue grew by 5.2% to $29.9 million for 1Q 2020.
1Q 2020 Key Highlights
DPU Growth of 1.4% for 1Q 2020 ―Amount available for distribution income grew by 5.7% (Y-O-Y) ―Will set aside $1.7 million for COVID-19 related relief measures to support our tenants where necessary, of which S$850,000 was retained in 1Q 2020 ―Notwithstanding, DPU for 1Q 2020 grew by 1.4% (Y-O-Y) to 3.32 cents
Successful Refinancing of remaining Long Term Loan due in 2020 ―Secured a 6-year committed loan facility to term out the S$75.2 million loan2in 3Q 2020 ―Extended debt maturity profile to 2026 ―No long term debt refinancing needs till June 2021
Strong Capital Structure ―Extended JPY net income hedge till 2Q 2025 capitalising on the recent strengthening of JPY ―Gearing remains optimal at 38.5% ―Interest coverage ratio of 14.8 times ―About 89% of interest rate exposure is hedged ―Lowered all-in cost of debt from 0.80%3to 0.63% mainly due to the extension of JPY interest rate hedge at lower cost and overall drop in interest rates
Impact of COVID-19 ―Posed significant impact on the global economy since its outbreak in early 2020 ―Notwithstanding, the REIT’s operations and performance are relatively stable with no major impact anticipated ―Continues to monitor the situation closely
- Amount available for distribution grew by 5.2% (2Q Y-O-Y) - 2Q 2020 DPU grew 2.5% to 3.36 cents notwithstanding retention of S$850k for COVID-19 related relief measures - All properties reported stable operations even as COVID-19 outbreak persisted - Minimum Guaranteed Rent for Singapore Hospitals to increase by 1.17% for the 14thyear of lease term commencing 23 August 2020
Gross revenue for the periods under review recorded a year-on-year (“y-o-y”) growth of 4.9% in 2Q 2020 to S$30.3 million and a 5.1% increase in 1H 2020 to S$60.1 million, mainly due to revenue contribution from three Japan nursing rehabilitation facilities acquired in 4Q 2019, higher rent from Singapore properties as well as appreciation of the Japanese Yen (“JPY”). Net property income and amount available for distribution increased in line with gross revenue. Net property income registered a 5.3% y-o-y increase in 2Q 2020 to S$28.2 million, and an increase of 4.9% to S$56.0 million in 1H 2020. Similarly, the reported amount available for distribution grew by 5.2% y-o-y in 2Q 2020 and 5.4% in 1H 2020.
PARKWAY Life (PLife) Reit will be included in the FTSE EPRA NAREIT Global Developed Index after the close of business on Sept 18, it said on Thursday.
The index is a leading benchmark index for listed real estate investment companies and Reits worldwide; it was developed by FTSE Russell in collaboration with the European Public Real Estate Association (EPRA), the European association for listed real estate, as well as the National Association of Real Estate Investment Trusts (NAREIT), a US-based association for Reits and publicly-traded real estate companies.
Hi Keine ahnung, plife ist natürlich drauf aus weiter zu wachsen, aber was da im einzelnen geplant ist .... Ich mein irgendwo stand glaub auch ma was zum wachstum in deren pdfs, habs aber jetzt nicht gefunden.
Du hast dich ja schon einige Zeit mit Parkway beschäftigt, weißt du ob sie die Immobilien nach Laufzeit abschreiben?? Weißt du auch nach welchem Standart die bilanzieren, in der Bilanz hatte ich noch nichts gefunden, IFRS wird es wohl nicht sein.
Sry zu bilanziellen sachen will ich keine aussagen machen. Ich kenn mich im grundsatz mit aus, aber um nixs falsches zu sagen halt ich mich da lieber immer bedeckt. Deshalb post ich meist nur die news die ich find ohne eigene wertungen.
Ich mein nur ne handvoll gehören ihnen zu voll, bei den anderen halten se beteiligungen. (Sitzt grad bei meinem pizza ruminär aufn bier, grad nicht ganz sicher)