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OCBC's Lim maintains Parkway Life REIT at 'add' following nursing home divestment

The Edge Singapore
The Edge Singapore • 3 min read
OCBC's Lim maintains Parkway Life REIT at 'add' following nursing home divestment
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Ada Lim of OCBC Group Research has maintained her "buy" call on Parkway Life REIT but with a slightly trimmed fair value of $4.80 from $4.82.

The REIT, which focuses on healthcare properties, announced on June 30 the divestment of a nursing home in Japan to its operator for $9.4 million, which is 38% higher than the original purchase price of the asset, and 5% above the latest valuation of the property as at Dec 31 2025.

The REIT expects to book at estimated net gain on disposal of investment property of $0.6m to be recognised.

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