Parkway Life REIT Acquires 3 Japanese Properties

News about Parkway Life REIT

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
Price3.220 SGD
NAV1.840 SGD
Yield (4 quarters)4.08%
Gearing37.2%