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Parkway Life REIT kept at 'buy' by DBS on strong earnings visibility

PC Lee
PC Lee10/26/2018 03:36 PM GMT+08  • 1 min read
Parkway Life REIT kept at 'buy' by DBS on strong earnings visibility
SINGAPORE (Oct 26): DBS Group Research is maintaining Parkway Life REIT (PLife REIT) at “buy” given the REIT offers one of the strongest earnings visibility profiles among S-REITs, with a weighted average lease expiry of close to nine years.
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SINGAPORE (Oct 26): DBS Group Research is maintaining Parkway Life REIT (PLife REIT) at “buy” given the REIT offers one of the strongest earnings visibility profiles among S-REITs, with a weighted average lease expiry of close to nine years.


See: Parkway Life REIT declares 3Q DPU of 3.23 cents, down 4.1% on absence of one-off gain

In a Friday report, lead analyst Rachel Tan believes that PLife REIT will be able to deliver steady growth in returns through its three-pronged growth plans of asset recycling, new markets and potential acquisition pipeline from its sponsor while maintaining its defensive stance in expansion.

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