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.
