Parkway Life REIT announces the acquisition of three Japanese properties. The trust will spend approximately S$46.3 million total to acquire the nursing homes in the aging country. The operation is expected to be DPU accretive as the Net Property Income yield is at 6.8% and to be funded by long term JPY debt, pushing the trust gearing level to 38%.
Parkway Life REIT Acquires 3 Japanese Properties
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Parkway Life REIT
|Yield (4 quarters)||3.23%|