Parkway REIT , Part 1

 Why did I buy Parkway REIT ?      ⛨

One of the REITs that is favoured among investors could be Parkway REIT, which is one of Asia's largest listed healthcare REITs. However, as interest rates went up, there doesn't seem to be a compelling reason to buy this stock, with the dividend yield currently standing at only about 4.2% at the current price of SGD 3.5+.

 Here are my reasons:

 --- Start of Journal ---

 Stock Name: Parkway REIT

 Price Bought: Average $3.6+

 Date Purchased: June 2023 to March 2024

 Reason for Purchase: A yield above 4% is reasonable for a steady stock. There is potential for a higher yield if the price goes down. It's a solid stock with an increasing dividend.

 Evaluation: $4+

 Risks Identified: Low dividend yield, price may further decrease, half-yearly dividend may not be attractive

 --- End of Journal ---

 

I think this REIT is a good stock to hold for the long term and fits into my retirement plan of generating consistent income semi-annually.

 The dividends received from this stock so far are as follows:

 August 2023: $130+

March 2024: $590+

From the figures above, it's clear that I have been buying significantly more since I started in June 2023 until now, as the dividends have increased several times over.

Personal note : Quoting one of the summary from an Analyst report in Feb, 2024 :  Steady growth with impending yield uplift in 2026. 

This is my investing journey.