Parkway Life Real Estate Investment Trust (PLife REIT)

The renewed lease for the Singapore hospital commences this month

While SAC Capital sees several positives to the REIT, its target price is capped by a lack of near-term catalysts.

1H21 distributable income grew 4% to $42.1 mil.

DPU year-to-date came in at 10.22 cents, up 3.8% from the 9.85 cents in the same period in 2019.

Still, the analysts like PREIT for its stable yield backed by its defensive income structure,

This brings 1H20 DPU to 6.68 cents, 1.9% higher than the 6.55 cents a year ago.

This comes as the brokerage noted that PLife REIT’s 1Q2020 distribution per unit (DPU) of 3.32 cents was “within expectations, at 25%” of the brokerage’s FY2020 forecast.

“Despite on-going uncertainties in the macro economy and volatility in the financial markets, PLife REIT remains in a stable financial position,” says Yong Yean Chau, CEO of the manager.

SINGAPORE (Dec 3): Parkway Life Real Estate Investment Trust (PLife REIT) is acquiring three nursing rehabilitation facilities in Japan for a total consideration of 3.7 billion yen ($46.3 million), the manager announced Tuesday.

SINGAPORE (July 31): The manager of Parkway Life Real Estate Investment Trust (PLife REIT) reported a Distribution per Unit (DPU) of 3.27 cents for 2Q19 ended June, which represented an increase of 2.6% from a year ago.