Parkway Life REIT (PLife REIT)

Results

Parkway Life REIT declares 1Q DPU of 3.17 cents, 3.4% lower than a year ago in absence of one-off distribution gain

SINGAPORE (Apr 30): The manager of Parkway Life REIT (PLife REIT) has declared a 1Q18 distribution per unit (DPU) of 3.17 cents, down 3.4% from its 1Q17 DPU of 3.28 cents due to the absence of a one-off distribution of divestment gain in the previous year

M&A

Parkway Life REIT acquires nursing facility in Japan for $17.8 mil in sale and leaseback deal

SINGAPORE (Feb 7): The manager of Parkway Life REIT (PLife REIT) is acquiring Konosu Nursing Home Kyoseien, a nursing rehabilitation facility in Japan, from operator Iryouhoujin Shadan Kouaikai for 1.5 billion yen ($17.8 million) under a sale and leasebac

Broker's Calls

Parkway Life REIT kept at 'buy' on strong earnings visibility

SINGAPORE (Jan 29): DBS is keepings its “buy” rating on Parkway Life Real Estate Investment Trust (PLife REIT) with an increased target price of $3.15.

Broker's Calls

This SREIT has resilient earnings, a robust balance sheet and no immediate refinancing needs

SINGAPORE (April 26): CIMB expects Parkway Life REIT earnings to remain one of the most resilient in the SREIT space, with its deflation-protected Singapore revenue and long-term lease structure in Japan.

Results

Parkway Life REIT sees 9.6% rise in 1Q DPU to 3.3 cents

SINGAPORE (April 25): Parkway Life REIT’s (PLife REIT) manager today posted a distribution per unit (DPU) of 3.28 cents for the first quarter ended March 31, up 9.6% from the 2.99 cents declared a year ago.

Broker's Calls

Parkway Life REIT’s 3Q results set the stage for further growth

SINGAPORE (Oct 28): CIMB Securities is reiterating its “add” recommendation on Parkway Life REIT (PLife REIT) with an unchanged target price of $2.78 following its release of financial results for 3Q16.
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