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Asia's largest listed healthcare REIT, owning hospitals in Singapore and nursing homes/healthcare facilities in Japan.
Asia's largest listed healthcare REIT, owning hospitals in Singapore and nursing homes/healthcare facilities in Japan.
Collects rent under hospital master leases with annual reviews linked to inflation within a floor and cap, so income is steady regardless of patient volume. The Singapore hospitals are leased to Parkway Pantai, whose parent IHH Healthcare is the sponsor; Japanese nursing homes diversify the income.
In one line: Asia's largest listed healthcare REIT, owning hospitals and nursing homes.
Moat: wide (installed base, regulatory licence). Long-term master leases with hospital operators and Japan's aging-population nursing home demand under a defensive structure.
Headquarters: Singapore · Founded: 2007
Size Parkway Life Real Estate Investment Trust (C2PU.SI) is a Singapore Real Estate company (Real Estate Investment Trusts) with a market value of $2.05B, the 49th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$4.01 on 6 Nov 2026.
Performance Over six months the shares gained 0.5%, against -4.1% for the median peer and -1.2% for the Singapore market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 2.9% over the last twelve months (peer median +5.8%); the operating margin is 81.8% (peer median 41.7%).
Valuation It trades at 1.56× book value against a peer median of 0.96× (4th most expensive of 21).
Price implies The share price implies a return on equity of about 6.3%; Parkway Life Real Estate Investment Trust delivers 10.1%, so the price asks less than the business earns today.
Next results Next results expected around 25 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | S$163M | S$165M | S$153M | S$155M | S$133M |
| Revenue growth | — | +7% | -1% | +16% | — |
| Gross profit | S$133M | S$140M | S$129M | S$130M | S$110M |
| EBITDA | S$134M | S$130M | S$131M | S$129M | S$112M |
| Net income | S$165M | S$153M | S$95.0M | S$100M | S$41.1M |
| Free cash flow | S$103M | S$99.5M | S$86.5M | S$99.0M | S$90.2M |
| Capital expenditure | S$0 | S$0 | S$0 | S$0 | S$0 |
| Total debt | n/a | S$886M | S$886M | S$828M | S$852M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Parkway Life Real Estate Investment Trust C2PU.SI | $2.05B | 0% | +3% | 10% | 1.56× | 6.3% |
| Medical Properties Trust MPT | $1.08B | -65% | +11% | 5% | 0.23× | 5.2% |
| First Real Estate Investment Trust AW9U.SI | $291M | -27% | -5% | 4% | 0.76× | 4.0% |
| Welltower WELL | $180B | +15% | +39% | 4% | 3.69× | 24.4% |
| Ventas VTR | $47.9B | +2% | +22% | 2% | 2.97× | 20.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | C2PU.SI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.0% | +5.6% | 5th lowest of 21 |
| 6-month return | +0.5% | -4.1% | 9th highest of 21 |
| Return on equity | 10.1% | 3.7% | 2nd highest of 21 |
| Price / book | 1.56× | 0.96× | 4th most expensive of 21 |
| Trailing P/E | 15.8× | 18.2× | 7th cheapest of 15 |
| ROE the price implies | 6.3% | 9.1% | 6th least demanding of 21 |
| ROE delivered | 10.1% | 3.6% | 2nd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Parkway Life Real Estate Investment Trust C2PU.SI | Singapore | $2.05B | 0% | +3% | 10% | 1.56× | 6.3% | 10.1% |
| Aroundtown AT1.DE | Germany | $2.04B | -32% | +1% | 5% | 0.22× | 4.0% | 4.9% |
| Industrial & Infrastructure Fund Investment 3249.T | Japan | $2.07B | -12% | +36% | 8% | 1.33× | 6.4% | 8.5% |
| BWP Trust BWP.AX | Australia | $2.01B | -2% | +2% | 13% | 0.86× | 7.4% | 13.2% |
| Mitsui Fudosan Logistics Park 3471.T | Japan | $2.00B | -13% | +156% | 5% | 0.99× | 5.0% | 4.6% |
| Primaris Real Estate Investment Trust PMZ-UN.TO | Canada | $2.11B | +21% | +18% | 5% | 1.08× | 9.1% | 4.6% |
| Xenia Hotels & Resorts XHR | United States | $1.97B | +26% | +4% | 0% | 1.80× | 17.3% | 0.3% |
| RLJ Lodging Trust RLJ | United States | $1.92B | +40% | +1% | 1% | 1.07× | 11.2% | 1.3% |
| Getty Realty GTY | United States | $1.92B | -14% | +11% | 9% | 1.50× | 11.2% | 8.9% |
| Activia Properties 3279.T | Japan | $1.90B | -10% | +24% | 6% | 1.12× | 5.6% | 5.9% |
| Boardwalk Real Estate Investment Trust BEI-UN.TO | Canada | $2.21B | -5% | +3% | -1% | 0.66× | 6.0% | -1.0% |
| Great Portland Estates GPE.L | United Kingdom | $1.90B | +17% | +24% | 7% | 0.66× | 9.9% | 7.5% |
| Crombie Real Estate Investment Trust CRR-UN.TO | Canada | $2.22B | -3% | +4% | -3% | 1.70× | 11.5% | -3.2% |
| Region RGN.AX | Australia | $1.89B | +6% | +30% | 9% | 0.92× | 9.4% | 9.2% |
| ARMOUR Residential REIT ARR | United States | $1.87B | -29% | -140% | -2% | 0.80× | 10.2% | -2.3% |
| Blackstone Mortgage Trust BXMT | United States | $1.85B | -42% | -2% | -12% | 0.65× | 7.3% | -11.7% |
| SmartStop Self Storage REIT SMA | United States | $2.31B | +20% | +21% | 2% | 1.86× | 9.3% | 2.4% |
| Sunstone Hotel Investors SHO | United States | $2.33B | +19% | +7% | 3% | 1.42× | 12.8% | 2.7% |
| H&R Real Estate Investment Trust HR-UN.TO | Canada | $1.80B | -10% | -6% | -13% | 0.60× | 6.3% | -12.8% |
| Champion Real Estate Investment Trust 2778.HK | Hong Kong | $1.80B | -8% | -8% | -3% | 0.35× | 4.6% | -2.6% |
| Charter Hall Long WALE REIT CLW.AX | Australia | $1.78B | +4% | +40% | 8% | 0.76× | 9.2% | 8.3% |