Parkway Life REIT (“PLREIT”) once again announced not only an increase in DPU, but a surprise +15.1% increase for its first quarter distribution. Its last traded market price on April 30, 2026 was S$4.02 per unit. Despite the announcement of great results, I do not think it is appropriate for new investors to enter PLREIT at this particular juncture. The recently announced DPU for Q1 2026 is S$0.0442 per unit. Annualizing this, the dividend yield for PLREIT would be 4.4% (The forecast distribution is S$0.1768 per unit per year). Many blue-chip SREITs such as Mapletree Industrial Trust, Mapletree Pan Asia Commercial Trust or CapitaLand Ascendas are actually trading with very attractive 6% distribution yields and well below their net asset value (“NAV”) per unit. On the other hand, the PLREIT NAV per unit as of March 31, 2026 is only S$2.53 per unit, which means that
…
