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Parkway Life Real Estate Investment Trust

OTCPK:PRKW.F
Snowflake Description

6 star dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PRKW.F
OTCPK
SGD2B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Parkway Life Real Estate Investment Trust (“PLife REIT”) is one of Asia’s largest listed healthcare REITs by asset size. The last earnings update was 14 days ago. More info.


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PRKW.F Share Price and Events
7 Day Returns
0%
OTCPK:PRKW.F
-0.2%
US REITs
2.7%
US Market
1 Year Returns
-8.5%
OTCPK:PRKW.F
-2.6%
US REITs
10.4%
US Market
PRKW.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Parkway Life Real Estate Investment Trust (PRKW.F) 0% 0% - -8.5% - -3%
US REITs -0.2% 1.3% -2.6% -2.6% 15.2% 39.6%
US Market 2.7% -4.3% -3.8% 10.4% 51.2% 101.8%
1 Year Return vs Industry and Market
  • PRKW.F underperformed the REITs industry which returned -2.6% over the past year.
  • PRKW.F underperformed the Market in United States of America which returned 10.4% over the past year.
Price Volatility
PRKW.F
Industry
5yr Volatility vs Market

PRKW.F Value

 Is Parkway Life Real Estate Investment Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Parkway Life Real Estate Investment Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Parkway Life Real Estate Investment Trust.

OTCPK:PRKW.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:PRKW.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.48
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.476 (1 + (1- 17%) (43.17%))
0.647
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (0.8 * 7.05%)
8.59%

Discounted Cash Flow Calculation for OTCPK:PRKW.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Parkway Life Real Estate Investment Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:PRKW.F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (SGD, Millions) 84.40 86.00 89.20 92.52 95.97
Source Analyst x1 Analyst x1 Est @ 3.72% Est @ 3.72% Est @ 3.72%
Present Value
Discounted (@ 8.59%)
77.72 72.93 69.66 66.54 63.56
Present value of next 5 years cash flows SGD350.42
OTCPK:PRKW.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= SGD95.97 × (1 + 2.95%) ÷ (8.59% – 2.95%)
SGD1,751.78
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= SGD1,751.78 ÷ (1 + 8.59%)5
SGD1,160.19
OTCPK:PRKW.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= SGD350.42 + SGD1,160.19
SGD1,510.62
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD1,510.62 / 605.00
SGD1.39
OTCPK:PRKW.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:PRKW.F represents 0.74713x of SGX:C2PU
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.74713x
Value per Share
(Listing Adjusted, USD)
= Value per Share (SGD) x Listing Adjustment Factor
= SGD 1.87 x 0.74713
$1.39
Value per share (USD) From above. $1.39
Current discount Discount to share price of $1.95
= -1 x ($1.95 - $1.39) / $1.39
-39.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Parkway Life Real Estate Investment Trust is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Parkway Life Real Estate Investment Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Parkway Life Real Estate Investment Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:PRKW.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in SGD SGD0.17
SGX:C2PU Share Price ** SGX (2018-08-10) in SGD SGD2.61
United States of America REITs Industry PE Ratio Median Figure of 153 Publicly-Listed REITs Companies 29.31x
United States of America Market PE Ratio Median Figure of 2,965 Publicly-Listed Companies 18.46x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Parkway Life Real Estate Investment Trust.

OTCPK:PRKW.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:C2PU Share Price ÷ EPS (both in SGD)

= 2.61 ÷ 0.17

15.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Parkway Life Real Estate Investment Trust is good value based on earnings compared to the US REITs industry average.
  • Parkway Life Real Estate Investment Trust is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Parkway Life Real Estate Investment Trust's expected growth come at a high price?
Raw Data
OTCPK:PRKW.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-3.6%per year
United States of America REITs Industry PEG Ratio Median Figure of 142 Publicly-Listed REITs Companies 1.38x
United States of America Market PEG Ratio Median Figure of 2,086 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

OTCPK:PRKW.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.49x ÷ -3.6%

-4.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Parkway Life Real Estate Investment Trust earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Parkway Life Real Estate Investment Trust's assets?
Raw Data
OTCPK:PRKW.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in SGD SGD1.76
SGX:C2PU Share Price * SGX (2018-08-10) in SGD SGD2.61
United States of America REITs Industry PB Ratio Median Figure of 192 Publicly-Listed REITs Companies 1.69x
United States of America Market PB Ratio Median Figure of 4,973 Publicly-Listed Companies 1.88x
OTCPK:PRKW.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:C2PU Share Price ÷ Book Value per Share (both in SGD)

= 2.61 ÷ 1.76

1.48x

* Primary Listing of Parkway Life Real Estate Investment Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Parkway Life Real Estate Investment Trust is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess Parkway Life Real Estate Investment Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Parkway Life Real Estate Investment Trust has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PRKW.F Future Performance

 How is Parkway Life Real Estate Investment Trust expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-3.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Parkway Life Real Estate Investment Trust expected to grow at an attractive rate?
  • Parkway Life Real Estate Investment Trust's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 3%.
Growth vs Market Checks
  • Parkway Life Real Estate Investment Trust's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Parkway Life Real Estate Investment Trust's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:PRKW.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:PRKW.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -3.6%
OTCPK:PRKW.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 1.6%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 1%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.6%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:PRKW.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:PRKW.F Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 117 86 83 2
2019-12-31 115 85 82 2
2018-12-31 114 86 80 2
OTCPK:PRKW.F Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2018-09-30 112 87 102
2018-06-30 111 85 100
2018-03-31 111 85 100
2017-12-31 110 81 101
2017-09-30 110 79 99
2017-06-30 110 82 97
2017-03-31 110 81 93
2016-12-31 110 88 92
2016-09-30 109 88 67
2016-06-30 107 85 63
2016-03-31 105 85 68
2015-12-31 103 82 67

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Parkway Life Real Estate Investment Trust's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Parkway Life Real Estate Investment Trust's revenue is expected to grow by 1.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:PRKW.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Parkway Life Real Estate Investment Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PRKW.F Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.14 0.14 0.14 2.00
2019-12-31 0.13 0.13 0.13 2.00
2018-12-31 0.13 0.13 0.13 2.00
OTCPK:PRKW.F Past Financials Data
Date (Data in SGD Millions) EPS *
2018-09-30 0.17
2018-06-30 0.17
2018-03-31 0.17
2017-12-31 0.17
2017-09-30 0.16
2017-06-30 0.16
2017-03-31 0.15
2016-12-31 0.15
2016-09-30 0.11
2016-06-30 0.10
2016-03-31 0.11
2015-12-31 0.11

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Parkway Life Real Estate Investment Trust is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Parkway Life Real Estate Investment Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Parkway Life Real Estate Investment Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PRKW.F Past Performance

  How has Parkway Life Real Estate Investment Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Parkway Life Real Estate Investment Trust's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Parkway Life Real Estate Investment Trust's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Parkway Life Real Estate Investment Trust's 1-year earnings growth exceeds its 5-year average (3.3% vs -2.9%)
  • Parkway Life Real Estate Investment Trust's earnings growth has not exceeded the US REITs industry average in the past year (3.3% vs 13.1%).
Earnings and Revenue History
Parkway Life Real Estate Investment Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Parkway Life Real Estate Investment Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PRKW.F Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 111.81 101.96 3.50
2018-06-30 111.11 100.35 3.38
2018-03-31 110.75 100.17 3.40
2017-12-31 109.88 101.46 3.10
2017-09-30 110.08 98.73 3.03
2017-06-30 110.48 97.43 2.83
2017-03-31 110.17 92.91 2.84
2016-12-31 110.12 91.93 3.15
2016-09-30 108.70 67.44 3.09
2016-06-30 106.56 63.35 3.06
2016-03-31 104.82 67.84 2.80
2015-12-31 102.69 66.99 2.63
2015-09-30 101.49 118.82 2.67
2015-06-30 100.86 123.23 2.62
2015-03-31 100.55 121.12 2.72
2014-12-31 100.38 121.11 2.74
2014-09-30 100.01 100.47 2.74
2014-06-30 98.02 97.66 2.71
2014-03-31 95.27 96.85 2.57
2013-12-31 93.69 98.28 2.47
2013-09-30 92.94 118.60 1.95
2013-06-30 93.51 118.75 1.92
2013-03-31 94.33 116.08 2.24
2012-12-31 94.07 115.41 2.25
2012-09-30 92.93 107.44 2.58
2012-06-30 91.07 103.98 2.83
2012-03-31 89.05 104.32 2.66
2011-12-31 87.76 102.04 2.77

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Parkway Life Real Estate Investment Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Parkway Life Real Estate Investment Trust used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
  • Parkway Life Real Estate Investment Trust has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Parkway Life Real Estate Investment Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Parkway Life Real Estate Investment Trust has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PRKW.F Health

 How is Parkway Life Real Estate Investment Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Parkway Life Real Estate Investment Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Parkway Life Real Estate Investment Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Parkway Life Real Estate Investment Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Parkway Life Real Estate Investment Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Parkway Life Real Estate Investment Trust Company Filings, last reported 1 month ago.

OTCPK:PRKW.F Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 1,064.10 681.70 32.01
2018-06-30 1,059.74 694.98 31.65
2018-03-31 1,059.47 691.70 26.76
2017-12-31 1,065.34 643.67 25.72
2017-09-30 1,038.55 652.97 30.79
2017-06-30 1,038.39 656.01 30.82
2017-03-31 1,038.06 661.42 28.07
2016-12-31 1,037.64 628.79 71.10
2016-09-30 1,009.53 676.02 33.85
2016-06-30 1,009.57 661.42 30.15
2016-03-31 1,016.18 617.76 24.52
2015-12-31 1,023.19 590.23 20.36
2015-09-30 1,026.06 602.37 28.96
2015-06-30 1,035.09 559.49 23.85
2015-03-31 1,034.65 569.46 20.30
2014-12-31 1,035.35 586.84 146.41
2014-09-30 984.33 538.42 34.52
2014-06-30 983.60 558.74 35.74
2014-03-31 984.42 551.60 32.76
2013-12-31 985.80 503.16 27.47
2013-09-30 953.07 536.09 39.29
2013-06-30 954.22 446.39 32.43
2013-03-31 953.51 454.72 31.19
2012-12-31 951.35 481.67 30.60
2012-09-30 897.13 533.31 41.21
2012-06-30 896.44 533.07 41.91
2012-03-31 898.85 507.85 36.62
2011-12-31 896.18 497.26 36.18
  • Parkway Life Real Estate Investment Trust's level of debt (64.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (56.2% vs 64.1% today).
  • Debt is not well covered by operating cash flow (12.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 12.9x coverage).
X
Financial health checks
We assess Parkway Life Real Estate Investment Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Parkway Life Real Estate Investment Trust has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PRKW.F Dividends

 What is Parkway Life Real Estate Investment Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.18%
Current annual income from Parkway Life Real Estate Investment Trust dividends. Estimated to be 4.97% next year.
If you bought $2,000 of Parkway Life Real Estate Investment Trust shares you are expected to receive $104 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Parkway Life Real Estate Investment Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.36%).
  • Parkway Life Real Estate Investment Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.52%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:PRKW.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 182 Stocks 4.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1979 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:PRKW.F Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.13 3.00
2019-12-31 0.13 4.00
2018-12-31 0.13 4.00
OTCPK:PRKW.F Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2018-01-25 0.135 4.944
2017-03-31 0.121 4.453
2017-01-25 0.121 4.961
2016-01-26 0.135 5.550
2015-11-04 0.134 5.954
2015-07-27 0.134 5.799
2015-04-28 0.128 5.471
2015-03-31 0.115 4.766
2015-01-27 0.115 4.803
2014-04-01 0.108 4.511
2014-01-24 0.108 4.649
2013-04-01 0.103 4.280
2013-01-25 0.103 4.296
2012-11-07 0.103 4.731
2012-08-01 0.099 4.931
2012-05-03 0.102 5.467
2012-01-27 0.099 5.511
2011-11-03 0.096 5.397
2011-08-04 0.095 5.134
2011-05-05 0.094 5.198
2011-03-31 0.095 5.499
2011-01-24 0.095 5.496
2010-11-08 0.090 5.402
2010-08-06 0.084 5.286
2010-05-06 0.083 6.036
2010-01-25 0.082 6.173
2009-11-06 0.076 6.135
2009-08-06 0.076 6.651
2009-05-07 0.076 7.920
2009-01-29 0.074 9.518
2008-11-10 0.068 8.832

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Parkway Life Real Estate Investment Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Parkway Life Real Estate Investment Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Parkway Life Real Estate Investment Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Parkway Life Real Estate Investment Trust has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PRKW.F Management

 What is the CEO of Parkway Life Real Estate Investment Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Yean Chau Yong
AGE 52
TENURE AS CEO 9.9 years
CEO Bio

Mr. Yean Chau Yong has been Chief Executive Officer at Trust Management Limited since December 2008. Mr. Yong has been the Chief Executive Officer at Life Real Estate Investment Trust since January 29, 2009, where he previously served as the Chief Financial Officer. He has been Director of Parkway Life REIT since January 29, 2009. Mr. Yong has several years of experience in the areas of financial management, taxation, corporate finance and treasury He joined the firm in February 2008 and served as its Chief Financial Officer. Prior to this, he was the Chief Financial Officer at the Singapore Tourism Board, overseeing its finance and corporate services functions. Before joining the Singapore Tourism Board, Mr. Yong served as the Chief Financial Officer at Ascendas Pte Ltd, where he was instrumental in the launching a trust. He has also worked as the Chief Financial Officer at the China-Singapore Suzhou Development Private Limited and Singapore-Suzhou Township Development Private Limited. He has extensive experience in property development and property investment, as well as its related financial structuring and financing. Before joining Ascendas, he held other finance and audit positions at Beijing ISS International School, Housing and Development Board and Arthur Andersen. Mr. Yong has been an Executive Director of Parkway Life Real Estate Investment Trust since January 29, 2009. He serves as a Director of Parkway Trust Management Limited. He served as an Independent Director of Hiap Tong Corporation Ltd. from October 6, 2008 to July 27, 2016 and as its Lead Independent Director until July 27, 2016. Mr. Yong is a Certified Public Accountant with the Institute of Certified Public Accountants of Singapore and has completed the Advance Management Programme in the Harvard Business School. He holds Bachelor of Accountancy degree from National University of Singapore.

CEO Compensation
  • Insufficient data for Yean Chau to compare compensation growth.
  • Insufficient data for Yean Chau to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Parkway Life Real Estate Investment Trust management team in years:

9.5
Average Tenure
49
Average Age
  • The average tenure for the Parkway Life Real Estate Investment Trust management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Yean Chau Yong

TITLE
CEO & Executive Director
AGE
52
TENURE
9.9 yrs

Hock Leong Loo

TITLE
Chief Financial Officer
AGE
48
TENURE
9.8 yrs

Seak Tan

TITLE
Senior Vice President of Investment
AGE
50

Chen Yin Liu

TITLE
Vice President of Asset Management
AGE
42
TENURE
9.3 yrs

Patricia Ng

TITLE
Head of Finance & Assistant VP

Wan Mei Chan

TITLE
Joint Company Secretary
TENURE
5.7 yrs

Lai Chan

TITLE
Joint Company Secretary

Chin Ping Teo

TITLE
Assistant Vice President of Asset Management

Shawn Yap

TITLE
Assistant Vice President of Asset Management
Board of Directors Tenure

Average tenure and age of the Parkway Life Real Estate Investment Trust board of directors in years:

2.7
Average Tenure
53
Average Age
  • The average tenure for the Parkway Life Real Estate Investment Trust board of directors is less than 3 years, this suggests a new board.
Board of Directors

Kian Ho

TITLE
Chairman of the Board
COMPENSATION
SGD80K
AGE
73
TENURE
1.6 yrs

Yean Chau Yong

TITLE
CEO & Executive Director
AGE
52
TENURE
9.8 yrs

Jennifer Lee

TITLE
Independent Director
COMPENSATION
SGD74K
AGE
65
TENURE
2.4 yrs

Sui Cheah

TITLE
Independent Director
COMPENSATION
SGD51K
AGE
47
TENURE
1.6 yrs

See Leng Tan

TITLE
Non-Executive Director
COMPENSATION
SGD47K
AGE
53
TENURE
7.4 yrs

Suet Wun Lim

TITLE
Non-Executive Director
COMPENSATION
SGD47K
AGE
58
TENURE
4.8 yrs

Rossana Binti Ahmad Rashid

TITLE
Non-Executive Director
COMPENSATION
SGD47K
AGE
52
TENURE
3 yrs

Soon Low

TITLE
Non-Executive Director
COMPENSATION
SGD40K
AGE
53
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Max Price ($) Value ($)
08. Nov 17 Sell BNY Mellon Asset Management Company 06. Nov 17 06. Nov 17 -2,171,700 $2.10 $-4,571,363.35
X
Management checks
We assess Parkway Life Real Estate Investment Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Parkway Life Real Estate Investment Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PRKW.F News

External News
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Simply Wall St News

PRKW.F Company Info

Map
Description

Parkway Life Real Estate Investment Trust (“PLife REIT”) is one of Asia’s largest listed healthcare REITs by asset size. It invests in income-producing real estate and real estate related assets that are used primarily for healthcare and healthcare-related purposes (including but are not limited to, hospitals, healthcare facilities and real estate and/or real estate assets used in connection with healthcare research, education, and the manufacture or storage of drugs, medicine and other healthcare goods and devices). PLife REIT owns a well-diversified portfolio of 50 properties with a total portfolio size of approximately S$1.75 billion6 as at 30 September 2018. It owns the largest portfolio of strategically-located private hospitals in Singapore comprising Mount Elizabeth Hospital, Gleneagles Hospital and Parkway East Hospital. In addition, it has 46 assets located in Japan, including one pharmaceutical product distributing and manufacturing facility in Chiba Prefecture as well as 45 high quality nursing home and care facility properties in various prefectures of Japan. It also owns strata-titled units/lots at Gleneagles Intan Medical Centre Kuala Lumpur in Malaysia.

Details
Name: Parkway Life Real Estate Investment Trust
PRKW.F
Exchange: OTCPK
Founded: 2007
SGD1,152,940,827
605,002,386
Website: http://www.plifereit.com
Address: Parkway Life Real Estate Investment Trust
80 Robinson Road, No. 02-00,
Singapore,
68898,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX C2PU UNITS Singapore Exchange SG SGD 23. Aug 2007
OTCPK PRKW.F UNITS Pink Sheets LLC US USD 23. Aug 2007
DB 3P51 UNITS Deutsche Boerse AG DE EUR 23. Aug 2007
Number of employees
Current staff
Staff numbers
0
Parkway Life Real Estate Investment Trust employees.
Industry
Health Care REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/07 21:25
End of day share price update: 2018/08/10 00:00
Last estimates confirmation: 2018/10/29
Last earnings filing: 2018/10/24
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.