$ParkwayLife Reit(C2PU.SG)

Context: I had added Parkway Life Reit to my income portfolio as it offers resilient healthcare exposure, stable rental income from hospitals, and defensive growth via inflation -linked leases, making it a long-term play on Asia's and France's aging demographics and healthcare demands. This is also one of the REIT which had consistently grow it's DPU through the years.

My Trade: I had started on a wrong footing by buying the first two lots at a high of SGD4.28 and SGD4.22 respectively. Have subsequently averaged my cost basis down (inclusive of a tactical sell of ~30% of position at SGD4.26) to SGD4.106 with yield on cost of 3.996%.

Takeaway: Selling 30% of the position unwound the poor entry of the first 2 lots and made the effort to average down subsequently easier.