PLife REIT

Results

Parkway Life REIT reports 1HFY2024 DPU of 7.54 cents, up 3.5% y-o-y

Gross revenue decreased by 2.7% y-o-y to $72.4 million due mainly to the depreciation of Japanese yen.

Broker's Calls

Parkway Life REIT a 'rare jewel' among S-REIT, says DBS

Its interest cost remains among the lowest among S-REITs

Broker's Calls

OCBC likes PLife REIT for stable, defensive portfolio and consistent DPU growth

PLife REIT is now at an 'attractive entry point' for income investors

Broker's Calls

Parkway Life REIT appeals to risk-averse investors, UOB Kay Hian upgrades to 'buy' with higher TP

PLife REIT appeals with defensive strength and long WALE of 17 years.
Parkway Life REIT a rare jewel amongst SREITs: DBS - THE EDGE SINGAPORE

Broker's Calls

Parkway Life REIT a rare jewel amongst S-REITs: DBS

The analysts highlight that the REIT’s management is looking into building a third pillar for its next growth phase.

REITs

Two REITs that fell on rising risk-free rates could rebound

REITs sold down because of risk free rates could rebound but MSCI Singapore may cause fund managers to reweight components

Broker's Calls

This is one S-REIT with strong earnings visibility

SINGAPORE (Oct 28): DBS Vickers is maintaining its “buy” rating for Parkway Life Real Estate Investment Trust, even as the REIT posted a 8.8% decline in 3Q DPU to 3.06 cents.
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