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ParkwayLife REIT Annual Report FY2012
25January 2013
Announced 4Q 2012 results: Gross revenue increased 5.0% year-on-year to S$23.99 million. Distributable income
(net of amount retained for capital expenditure) increased 9.5% year-on-year to S$16.31 million. DPU of 2.69 cents
for the period declared.
Achieved revaluation gains amounting to S$49.7 million.
Announced completion of its sixth Asset Enhancement Initiative (“AEI”) for Japan Portfolio involving the creation
of a central kitchen at Sawayaka Obatake Nibankan to facilitate the catering and preparation of food for other
K.K. Sawayaka Club facilities in the vicinity. Achieved ROI of 10.0% with gross rent for the unexpired lease term
increasing by 5.04%.
8November 2012
Announced 3Q 2012 results: Gross revenue increased 8.5% year-on-year to S$23.9 million. Distributable income
(net of amount retained for capital expenditure) increased 7.1% year-on-year to S$15.57 million. DPU of 2.58 cents
for the period declared.
2August 2012
Announced 2Q 2012 results: Gross revenue increased 9.5% year-on-year to S$23.40 million. Distributable income
(net of amount retained for capital expenditure) increased 4.9% year-on-year to S$15.01 million. DPU of 2.48 cents
for the period declared.
Announced the 6.31% increase in Minimum Guaranteed Rent for sixth year of lease term commencing 23 August
2012 for Singapore Hospital Properties, under the CPI+1% rental revision formula.
Announced the completed acquisition of strata-titled units/lots within Gleneagles Intan Medical Centre, Kuala
Lumpur.
Announced the roll-out of its new “Refurbishment AEI” concept at Maison des Centenaire Ishizugawa to yield a
2.0% increase in gross rent for unexpired lease term and ROI of 18.5%.
25June 2012
Completed the pre-emptive refnancing exercise to ensure PLife REIT has no refnancing needs for its existing debt
portfolio until FY2014.
Put in place a four-year S$80.0 million committed and unsecured Revolving Credit Facility (the “Facility”) to term
out short-term loan facilities.
Concurrently, the facility has been utilised to pre-emptively purchase and cancel S$35.75 million of the outstanding
S$50.0 million Floating Rate Notes (“FRN”) maturing in FY2013. The remaining S$14.25 million of the FRN will be
term out using the Facility when the FRN falls due in March 2013.
3May 2012
Announced 1Q 2012 results: Gross revenue increased 6.0% year-on-year to S$22.78 million. Distributable income
(net of amount retained for capital expenditure) increased 8.5% year-on-year to S$15.51 million. DPU of 2.56 cents
for the period declared.
8March 2012
Pro-actively extended its Japanese Yen denominated net income forward hedge for another fve years till 1Q
2017, insulating PLife REIT from volatility in the Japanese Yen exchange rate and enabling it to maintain stable
distributable income to Unitholders.
6March 2012
Announced the completed acquisition of three Japan nursing homes, Sawayaka Parkside Shinkawa,
Sawayaka Hirakatakan and Sawayaka Higashikagurakan.
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SIGNIFICANT EVENTS