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Parkway Life Real Estate Investment Trust

Parkway Life Real Estate Investment Trust

2.78
EUR
+0.01
(+0.52%)
1.98BMarket Cap
Jan 25Next Earn
Parkway Life Real Estate Investment Trust
HAM:3P51
(Hamburg Stock Exchange)

Recent

price

2.78

P/E

ratio

- -

div

yld

3.12%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
SGD
0.13
0.14
0.16
0.15
0.17
0.17
0.18
0.18
0.19
0.19
0.2
0.2
0.21
0.24
0.24
0.24
- -
Revenue per Share
0.11
0.17
0.19
0.16
0.2
0.11
0.15
0.17
0.25
0.2
0.14
0.55
0.07
0.17
0.16
0.23
- -
Basic EPS, GAAP
0.11
0.11
0.12
0.13
0.13
0.14
0.14
0.13
0.15
0.15
0.15
0.15
0.16
0.18
0.16
0.17
- -
Free Cash Flow per Basic Share
0.08
0.1
0.1
0.11
0.11
0.13
0.12
0.13
0.13
0.13
0.14
0.14
0.11
0.15
0.2
0.1
0.13
Dividend per Share
1.41
1.48
1.57
1.63
1.71
1.69
1.72
1.76
1.88
1.95
1.96
2.37
2.33
2.34
2.41
2.56
2.41
Book Value per Share
1.41
1.48
1.57
1.63
1.71
1.69
1.72
1.76
1.88
1.95
1.96
2.37
2.33
2.34
2.41
2.56
2.41
Tangible Book Value per Share
604
605
605
605
605
605
605
605
605
605
605
605
605
605
613
652
505
Basic Weighted Avg Shares
80
88
94
94
100
102
110
110
112
115
121
120
129
147
145
156
- -
Sales/Revenue/Turnover
80.25
79.52
80.66
80.82
80.65
80.74
80.26
80.43
80.41
80.85
79.46
78.63
80.54
82.39
81.53
80.51
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
65
102
115
98
121
67
92
101
152
123
87
332
41
100
95
153
- -
Net Income, GAAP
10.12
5.1
5.06
6.03
9.5
15.13
8.23
7.73
5.46
6.52
9.51
2.6
14.69
7.21
6.58
3.5
- -
Effective Tax Rate (%)
81.27
116.42
122.81
105.09
120.81
65.36
83.72
92.51
135.2
107.62
72.38
276.06
31.79
68.36
65.61
97.98
- -
Profit Margin (%)
33
24
11
16
54
12
39
- -
11
-69
-121
-79
-7
-23
12
-152
-37
Working Capital
465
489
467
497
503
586
613
626
683
664
631
733
795
775
868
719
672
LT Debt
853
896
951
986
1,035
1,023
1,038
1,065
1,136
1,182
1,184
1,435
1,410
1,415
1,570
1,670
1,457
Total Equity
4.66
4.88
5.1
4.86
4.71
4.35
4.94
4.82
4.84
4.63
4.44
4.58
3.93
4.99
4.7
4.83
- -
Return on Invested Capital (%)
6.05
8.1
8.69
7.16
8.22
4.56
6.12
6.4
8.94
6.97
4.72
15.85
2.05
4.99
4.57
6.61
- -
Return on Capital (%)
7.7
11.67
12.49
10.15
11.98
6.51
8.92
9.65
13.8
10.65
7.37
25.35
2.89
7.11
6.37
9.43
- -
Return on Common Equity (%)

Capital Structure

SGD

•

in mil. unless spec.
Sep'21
Dec'21
Jun'22
ST Debt
256
95
62
LT Borrowings
552
731
670
LT Finance Leases
2
2
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
605
605
605
Market Capitalization
2,760
3,062
2,888

Working Capital

SGD

•

in mil. unless spec.
Sep'21
Dec'21
Jun'22
Total Current Assets
51
39
42
Cash, Cash Equivalents & STI
37
26
30
Accounts Receivable, Net
13
11
12
Inventories
- -
- -
- -
Total Current Liabilities
279
118
80
Payables & Accruals
- -
- -
- -
ST Debt
256
95
62
Deferred Revenue
- -
- -
- -

Growth Rates

SGD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.21%
7.44%
6.4%
Free Cash Flow
3.51%
4.91%
16.75%
Net Income, GAAP
44.17%
78.49%
60.76%
Sales/Revenue/Turnover
4.38%
5.44%
7.66%
Total Cash Common Dividend
1.37%
1.57%
-45.97%

Semi-annual Revenue

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
145
2025
- -
- -
156
2026
- -
- -
- -

Semi-annual Earnings Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.16
2025
- -
- -
0.23
2026
- -
- -
- -

Semi-annual Dividends Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.2
2025
- -
- -
0.1
2026
- -
- -
- -
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Business
Parkway Life Real Estate Investment Trust (PLife REIT) is a Singapore-based real estate investment trust primarily engaged in income-producing real estate and real estate-related assets used for healthcare and healthcare-related purposes. Its portfolio includes strategically located private hospitals such as Mount Elizabeth Hospital, Gleneagles Hospital, and Parkway East Hospital in Singapore; nursing homes and care facilities across various prefectures in Japan; and nursing homes in France. The core products and services consist of leasing these healthcare properties—including hospitals, nursing homes, healthcare facilities, and real estate connected to healthcare research, education, and pharmaceutical manufacturing or storage—to reputable operators under long-term leases. PLife REIT operates mainly in Singapore, Japan, and France, targeting institutional investors and healthcare operators with a focus on properties that support high-quality healthcare services and aged care. It was established in 2007 and is managed by Parkway Trust Management Limited. As of mid-2025, it owns a diversified portfolio of around 75 healthcare-related properties valued at approximately SGD 2.45 billion. Recent major changes include the acquisition of 11 nursing homes in France from DomusVi Group in a sale-and-leaseback arrangement with a new 12-year lease, which is expected to complete in the fourth quarter of 2024. This strategic expansion into Europe marks a significant geographic diversification and growth milestone for PLife REIT. The acquisition was financed by a private placement that raised about SGD 180 million in equity. Additionally, the company undertook a comprehensive board renewal in 2025, appointing a new Chairman and Independent Director to strengthen governance and oversight. These initiatives support PLife REIT’s continued focus on portfolio expansion, geographic diversification, and enhanced stakeholder engagement, reflected in stable distributable income growth and rising shareholder returns in recent periods. PLife REIT’s strategy emphasizes long-term, inflation-linked leases with established healthcare operators, ensuring stable and resilient income streams. Its assets have a weighted average lease expiration of 14 years, and around 97.5% of leases include annual rent escalations tied to inflation. The trust maintains a strong capital structure, supported by its BBB+ investment-grade rating, enabling financial flexibility for sustainable growth initiatives across Asian and European healthcare real estate markets.