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Parkway Life REIT (PLife REIT)
REITs
Parkway Life REIT acquires a nursing home in Japan for JPY 3.2 billion
The acquisition will be made at around 7.0% below valuation and is expected to generate a net property yield of 5.9%.
December 10, 2021
Results
PLife REIT reports 3QFY2021 DPU of 3.56 cents, up 0.8% y-o-y
At this price and DPU, the REIT has an annualised yield of 3.06%.
November 03, 2021
Broker's Calls
Accretive acquisitions may boost Parkway Life REIT’s share price: CGS-CIMB
The analysts have kept "add" on the REIT with the same target price of $5.05.
July 28, 2021
Cheng family raises stake in Wing Tai; funds sell PLife REIT and The Hour Glass
On July 9, Fidelity sold 347,700 shares of luxury watch purveyor The Hour Glass for $511,398 or an average of $1.47 each.
July 23, 2021
Deals, joint ventures & alliances
PLife REIT and IHH Healthcare extend strategic collaboration for Singapore hospitals
PLife REIT and IHH in strategic collaboration for Singapore hospitals.
July 14, 2021
REITs
Parkway Life REIT acquires two nursing homes in Japan for $49.4 mil
The manager believes that the acquisition will be accretive to PLife REIT’s distribution per unit (DPU).
June 30, 2021
Broker's Calls
Broker's Digest: SPH, Genting Singapore, OCBC, Parkway Life REIT, UMS Holdings
See the analysts' recommendations and target prices here.
May 14, 2021
Results
Parkway Life REIT posts 1Q21 DPU of 3.57 cents, up 7.4% y-o-y
PLife REIT’s Japan portfolio contributed nearly 40% of its total NPI of $28.8 mil.
April 23, 2021
Broker's Calls
Broker's Digest: DBS, Parkway Life REIT, SGX, Dairy Farm, InnoTek
See the analysts' recommendations and target prices here.
April 23, 2021
Broker's Calls
'Buy' Parkway Life REIT to ride upside on once-in-15 years opportunity: DBS
The renewal of the master lease for its Singapore hospitals could deliver possible DPU upside of 7% - 23%, says DBS.
April 21, 2021