The sector only managed to eke out a tiny 0.9% capital gain in 2021.While this return may seem decent, the performance lags behind the benchmarkPart of the reason for the bearishness was the impending rise inThat said, 2022 should be a much better year for REITs, though, as the economic recovery continues to take hold.
In addition, nearly all its leases have built-in rental escalation clauses of between 1% to 3%, allowing for organic rental revenue growth. The REIT has a healthy pipeline of 28 properties under a ROFR with its sponsor, setting it up for growth through acquisitions in the near future.However, the REIT has said that its assets are expected to be revalued upwards which will reduce its gearing to just 33.1%.Parkway Life REIT, or PLife REIT, owns a diversified portfolio of 55 properties in Singapore, Japan and Malaysia.
Pro-forma DPU is expected to rise from S$0.1379 to S$0.1826 at the end of the fourth year after the master lease renewal.
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