ParkwayLife REIT (PLife REIT), which holds a portfolio of hospitals and nursing homes, is set to continue driving growth in asset recycling as it looks to build a potential third pillar in mature markets, says DBS Group Research. PLife REIT surprised the market when it was to be included in the FTSE EPRA Nareit Global Developed Index with effect from Sept 18, sending its share price above its pre-Covid-19 high of $3.74.
ParkwayLife REIT
Price target:
DBS Group Research “buy” $4
Boost from index inclusion, prospects of ‘third pillar’
