- Parkway Life REIT has made its maiden foray into Europe through the acquisition of 11 nursing homes or 850 beds across France.
- The total purchase consideration of EUR111.2m (S$159.9m) represents ~4% discount to an independent valuation of the portfolio of S$165.8m as at 30 Sep 2024.
- - Read this at SGinvestors.io -
47.4mil new units issued at S$3.80
- Under the EFR, Parkway Life REIT issued 47.4m new units at an issue price of S$3.80, which represents a discount of 3.5% to the adjusted volume weighted average price (VWAP) of S$3.94. The private placement was oversubscribed and the new units have commenced trading on 1 Nov 2024.
- - Read this at SGinvestors.io -
- Parkway Life REIT will be paying out an advanced distribution of 5 Singapore cents per unit for the period from 1 Jul to 31 Oct 2024 on 26 Nov 2024.
The portfolio expansion into Europe/UK marks the start of the build-up of a third key market for Parkway Life REIT even as Singapore remains its core focus
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
Ada Lim OCBC Investment Research | https://www.iocbc.com/ 2024-11-01
Previous report by OCBC:
2024-10-21 Parkway Life REIT - An Anchor Even Amidst An Abating Storm.
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
