Parkway Life REIT - UOB Kay Hian 2025-02-17: Oasis Of Calm Sheltered From Threats Of Tariffs

• 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%.
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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.

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

Previous report by UOB:
2025-08-18 Parkway Life REIT - Geographical Diversification Enhanced With The Addition Of France.

Price targets by 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