Parkway Life REIT and IHH Healthcare Singapore Spearheading Renovation and Upgrading Works at Mount Elizabeth Hospital
January 7, 2023
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C2PU Intrinsic Value – PARKWAY LIFE REAL ESTATE INVESTMENT TRUST ($SGX:C2PU) (PLife REIT) is a real estate investment trust listed on the Singapore Exchange Securities Trading Limited. It has a diverse portfolio of income-generating healthcare real estate and investments across Singapore, Malaysia, Japan and China. PLife REIT is managed by Parkway Life Real Estate Investment Management Pte. Ltd., a wholly owned subsidiary of IHH Healthcare Berhad. Recently, PLife REIT and IHH Healthcare Singapore have been spearheading renovation and upgrading works at Mount Elizabeth Hospital. This will also ensure that the hospital continues to be one of the leading healthcare providers in Singapore and the region.
The upgrade works are intended to provide a more modern and efficient patient experience. This includes improved lighting, air-conditioning, and ventilation systems as well as an upgraded main lobby area. The hospital will also have new specialist clinics to provide better care for patients. The upgrade works also include a revamp of the existing ward blocks, which will feature larger rooms, improved accessibility, and new amenities for patients. This project is part of PLife REIT’s and IHH Healthcare Singapore’s ongoing commitment to providing quality healthcare services to patients in Singapore and across the region. With the completion of this project, Mount Elizabeth Hospital will be well-equipped to provide even better care for its patients in the future.
Market Price
The news coverage of this announcement has been largely positive, with the Parkway Life REIT stock opening at SG$3.8 on Wednesday and closing at the same price, up by 0.5% from prior closing price of 3.8. The renovation and upgrading works at Mount Elizabeth Hospital involve a range of upgrades, such as the addition of a new operating theatre, an expanded endoscopy suite, a new stroke centre and a new kidney dialysis centre. The hospital will also be provided with advanced medical technologies and equipment. For Parkway Life REIT, this is an opportunity to strengthen their presence in the healthcare sector, while for IHH Healthcare Singapore, it is an opportunity to expand their operations in the region.
The collaboration between these two companies will also provide a boost to the healthcare industry in Singapore, as the upgraded facilities will allow the hospital to provide better services and treatments to its patients. Furthermore, the upgraded facilities and advanced medical technologies will also help to attract more medical professionals to the hospital, which will further improve the quality of care provided. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for C2PU. More…
| Total Revenues | Net Income | Net Margin |
| 121.31 | 330.78 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for C2PU. More…
| Operations | Investing | Financing |
| 93.98 | -114.91 | 24.31 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for C2PU. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.26k | 804.04 | 2.41 |
Key Ratios Snapshot
Some of the financial key ratios for C2PU are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 78.0% |
| FCF Margin | ROE | ROA |
| – | – | – |
VI Analysis – C2PU Intrinsic Value Calculator
PARKWAY LIFE REAL ESTATE INVESTMENT TRUST is a company with long-term potential, as evidenced by its fundamentals. This can be determined by analyzing the statistics of the company through the VI app, which simplifies the process. According to the VI Line, the intrinsic value of the PARKWAY LIFE REAL ESTATE INVESTMENT TRUST stock is around SG$3.5. However, it is currently being traded at SG$3.8, making it 9% overvalued. Therefore, it may be a good idea to wait until the price of the stock drops before investing. The company has been growing steadily and its fundamentals are strong. It has a low debt to equity ratio, which implies that it is managing its debt responsibly. Additionally, its dividend yield is higher than the market average, indicating that the company is a reliable source of income for investors. Furthermore, its price to book ratio is much higher than the industry average, indicating that it is undervalued compared to its peers. Overall, PARKWAY LIFE REAL ESTATE INVESTMENT TRUST is a company with strong fundamentals and long-term potential. The stock is currently trading at a fair price that is slightly overvalued. Therefore, investors should consider waiting for the price to drop before investing in the stock. More…
VI Peers
It is one of several major players in the healthcare real estate investment trust industry, along with Healthcare Trust Inc, Northwest Healthcare Properties Real Estate Investment Trust, and Omega Healthcare Investors Inc. These companies provide investors with access to a diversified portfolio of healthcare-related real estate investments and offer stable, long-term income streams.
– Healthcare Trust Inc ($OTCPK:HLTC)
Healthcare Trust Inc is a self-managed, non-traded real estate investment trust (REIT) that focuses on investing in healthcare-related real estate assets. The company has a market cap of $748.68 million as of 2023, making it one of the largest REITs in the healthcare sector. Healthcare Trust Inc invests in a variety of healthcare real estate assets, including medical office buildings, acute-care hospitals, skilled nursing facilities, and others. The company’s portfolio includes more than 600 investments located in 40 states and Washington D.C. Healthcare Trust Inc is committed to creating value for its shareholders through prudent investments in healthcare-related real estate assets.
– Northwest Healthcare Properties Real Estate Investment Trust ($TSX:NWH.UN)
Northwest Healthcare Properties Real Estate Investment Trust (NWHP REIT) is a Canadian real estate investment trust (REIT) listed on the Toronto Stock Exchange. The trust primarily focuses on acquiring, owning and leasing healthcare-related real estate properties in Canada and other countries. As of 2023, NWHP REIT has a market cap of 2.32B. This reflects the trust’s portfolio of over 70 properties, located in 11 countries, worth over $5.5 billion. In addition to its extensive portfolio, the trust also holds interests in joint ventures and development projects. NWHP REIT strives to provide their unitholders with stable and growing distributions, while creating long-term value through the acquisition and development of healthcare real estate properties.
– Omega Healthcare Investors Inc ($NYSE:OHI)
Omega Healthcare Investors Inc. is a real estate investment trust (REIT) that specializes in investing in the long-term healthcare industry. As of 2023, it has a market capitalization of 6.62 billion dollars. The company invests in a variety of healthcare related real estate, including nursing facilities, assisted living facilities, senior housing communities, and medical office buildings. It also provides long-term financing to these healthcare operators. Omega Healthcare Investors Inc. has been in business since 1992 and its portfolio consists of over 1,200 properties located in 43 states and the United Kingdom.
Summary
PARKWAY LIFE REIT is a Singapore-based real estate investment trust that focuses on healthcare-related properties in Asia Pacific. Its portfolio consists of hospitals, medical suites, and aged care facilities located in Singapore, Japan, Malaysia, and Hong Kong. The REIT’s portfolio is well diversified across healthcare assets and is backed by strong tenants such as IHH Healthcare Singapore, making it a reliable option for investors seeking steady income and capital appreciation.
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