SINGAPORE (Apr 24): CGS-CIMB Research has maintained its “hold” rating with an unchanged target price of $3.38 for Parkway Life REIT (PLife REIT).

This comes as the brokerage noted that PLife REIT’s 1Q2020 distribution per unit (DPU) of 3.32 cents was “within expectations, at 25%” of the brokerage’s FY2020 forecast.

See also: PLife REIT posts 1.4% increase in 1Q DPU to 3.32 cents despite Covid-19 outbreak

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