- Parkway Life REIT delivered steady growth with DPU rising 2.1% y-o-y to 7.48 cents in 2H23. The uplift in rents from Project Renaissance will kick in starting 2026, lifting distribution yield higher by 0.8ppt to 4.9%.
- - Read this at SGinvestors.io -
Parkway Life REIT's 2H23 Results
- Parkway Life REIT (SGX:C2PU) reported DPU of 7.48 cents for 2H23 (+2.1% y-o-y), which is in line with our expectations. See Parkway Life REIT's distribution dates.
Sustainable growth from healthcare and renewed master leases.
- - Read this at SGinvestors.io -
- higher rents from Singapore hospitals under the new master lease agreements, which were partially offset by depreciation of the JPY.
Coping with higher cost of debt.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-02-07
Previous report by UOB:
2023-11-02 Parkway Life REIT - 9M23 In Line.
Price targets by 2 other brokers at Parkway Life REIT Target Prices.
Listing of research reports at Parkway Life REIT Analyst Reports.
Relevant links:
Parkway Life REIT Share Price History,
Parkway Life REIT Announcements,
Parkway Life REIT Dividends & Corporate Actions,
Parkway Life REIT News Articles
