- Parkway Life REIT (SGX:C2PU) is one of the top-performing S-REITs in Singapore with a share price return of >4x since its listing 12-13 years ago, with steady return in DPUs over the years.
- - Read this at SGinvestors.io -
Maiden entry into third key market.
- Parkway Life REIT announced its first acquisition in its third key market, Europe and UK, with the purchase of 11 nursing homes in France for S$159.9mil, slightly less than the property valuation of S$165.8mil. This was fully funded through an equity fund raising (EFR) via a private placement.
- - Read this at SGinvestors.io -
- The acquisition is expected to be completed by 4Q24 and is projected to generate a distribution per unit (DPU) accretion of ~1.4% and net asset value (NAV) accretion of ~4.3%.
Who is DomusVi, the vendor and master-lessee?
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Tabitha FOO DBS Group Research | Derek TAN DBS Group Research | https://www.dbs.com/insightsdirect/ 2024-11-25
Previous report by DBS:
2024-07-29 Parkway Life REIT - The One And Only.
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
