ParkwayLife REIT (PLife REIT) has consistently been one of the top-five performing REITs among Singapore-listed REITs or S-REITs, along with Keppel DC REIT, Mapletree Industrial Trust, Mapletree Logistics Trust and Ascendas REIT.

Since its IPO at $1.28 cents in 2007, PLife REIT has returned more than $1.35 to unitholders during the past 13 years. And despite the Covid-19 pandemic, PLife REIT continues to trade at a premium to net asset value (NAV) of 1.85 times as at Aug 17.

With investors waiting on the sidelines to enter PLife REIT, its recently approved general mandate provides an opportunity to invest for those who felt that its yields were too low and premium to NAV too high. The general mandate also means an opportunity for growth.

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