- Parkway Life REIT clocked the 17th year of uninterrupted DPU growth in 2024 despite dilution from its recent equity fund raising (EFR) in Nov 24. It provides a bastion of defensive strength supported by its healthcare orientation, long WALE of 15.3 years and low aggregate leverage of 34.8%.
- - Read this at SGinvestors.io -
DPU in line with expectations.
- Parkway Life REIT's DPU of 7.38 cents for 2H24 (-1.3% y-o-y) is in line with our expectations. On a full-year basis, DPU was 14.92 cents for 2024 (+1.0% y-o-y). Adjusting for equity fund raising (EFR) in Nov 24, 2024 DPU would be higher at 15.11 cents (+2.3% y-o-y). See Parkway Life REIT's distribution payout date.
Sustainable growth from healthcare.
- - Read this at SGinvestors.io -
- contribution from three nursing homes in Japan acquired in Oct 23 and Aug 24.
- The drop in revenue is compensated by foreign exchange gains from the settlement of JPY forward contracts.
Entry into third core market France.
- Read more at SGinvestors.io.
