Parkway Life REIT - UOB Kay Hian 2024-02-07: Steady Growth In 2H23 With Impending Yield Uplift In 2026

• 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%.
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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 an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2026-02-04 Parkway Life REIT - 18th Year Of Uninterrupted DPU Growth.

Previous report by UOB:
2025-11-25 Parkway Life REIT - Healthcare Provides Variable Rent And Sustainable Growth.

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 Dividend Payout Dates & Corporate Actions,
Parkway Life REIT News