$PARKWAYLIFE REIT(C2PU.SI)$ is one of the most defensive SReits in the SGX as Healthcare is an essential service and impervious to economic cycles.
PLife Reit focuses on investing in incoming producing healthcare and health care related real estate assets. It is one of Asia's largest listed health care Reits. As at 31 March 2022, PLife 's total portfolio size stands at 56 properties totalling SGD 2.28 billion. This includes 3 private hospitals in Singapore , 52 nursing homes in Japan and strata units in a medical centre in Malaysia.
PLife has renewed the master leases for its 3 Singapore hospitals for 20.4 years till December 2042 with a 10 year extension option. This lease renewal will provide growth for the long term.
PLife Japan portfolio will provide income stability as 48 out of its 52 nursing homes are insulated from rent reduction.
In its 1Q22 business update, PLife reported its 1Q22 revenue at SGD30.7 million, up 2.3%. Tomorrow on 8 August 2022, PLife will provide its latest update on 1H FY2022.
In a Bear Market, $PARKWAYLIFE REIT(C2PU.SI)$ provides a stable dividend income and capital growth. In fact its dividend income has been increasing since its inception in 2007. Last year its dividend income increased by 4.5% in FY2020, registering an impressive 118% growth since listing in 2007.
Go Long Go Strong Go PLife!
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Thanks for sharing @koolgal