Since its initial public offering (IPO) in 2007, Parkway Life REIT’s distribution per unit (DPU) has grown by 134%. Its net asset value (NAV) has also grown steadily, Guha points out.
Maybank Securities analyst Krishna Guha has initiated a “buy” call on Parkway Life REIT, Asia’s largest healthcare REIT, as he sees several factors going in its favour.
In his report dated Jan 8, Guha notes the REIT’s strong track record and earnings visibility, strategic growth plan and favourable cost of capital.
