- Parkway Life REIT’s 2H24 revenue and net property income (NPI) slipped 0.3% and 1.1% y-o-y to S$72.8m and S$68.2m, respectively, as JPY weakness was partially offset by contributions from newly acquired properties.
- - Read this at SGinvestors.io -
2H24 DPU dipped 1.3% y-o-y on an enlarged unit base, but overall FY24 DPU was up 1% y-o-y.
- Management shared that the provision relates to a single tenant contributing to ~0.7% of Parkway Life REIT’s annual income. Parkway Life REIT is currently working with the tenant to recover the rental arrears and has a back-up operator in place; given that the full amount of income at risk has been recognized, we are not expecting further significant provisions or losses going forward.
- - Read this at SGinvestors.io -
Robust balance sheet provides significant debt headroom to pursue further growth opportunities.
- Read more at SGinvestors.io.
Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.
Ada Lim OCBC Investment Research | https://www.iocbc.com/ 2025-02-06
Read also OCBC's most recent report:
2026-05-04 Parkway Life REIT - Keep Calm And Carry On.
Previous report by OCBC:
2026-02-03 Parkway Life REIT - Not Resting On One’s Laurels.
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
