For its most recent 2HFY2023, the REIT reported a DPU of 7.48 cents, up 2.1% y-o-y. This brings full year distribution to 14.77 cents per unit, up 2.7%.
DBS Group Research's Rachel Tan and Derek Tan have maintained their 'buy' call on Parkway Life REIT, calling the owner of hospitals and nursing homes a "rare jewel" among its peers offering "highly visible, stable and sustainable earnings" and "downside protection".
In contrast to many other REITs that reported lower DPU mainly because of higher financing costs, PLife REIT bucked the trend.
