Parkway Life REIT Selling Sole Malaysian Asset

News about Parkway Life REIT

Parkway Life REIT is exiting Malaysia by divesting of its sole Malaysian property, MOB Specialist Clinics in Kuala Lumpur:

The REIT says that the sale consideration amount is about 25.6% higher than the original purchase price of the property of RM16 million in 2012. It is 4.6% above the average of the latest valuation of the property at RM19.2 million as at Dec 31, 2024.

Parkway Life REIT
Price4.140 SGD
NAV2.420 SGD
Yield (4 quarters)3.60%
Gearing36.1%