Stock Analysis: ParkwayLife Reit | Lianhe Zaobao
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Parkway Life REIT recommends a buy with a target price of SGD 4.85, closing price at SGD 4.05 (+0.25%). The distribution per unit (DPU) for the third quarter of fiscal year 2025 is 11.56 cents, a year-on-year increase of 2.3%, with distributable income increasing by 10.4% year-on-year to SGD 75.4 million, mainly benefiting from the acquisition of nursing homes in Japan and France and the appreciation of the yen. Total revenue and net property income increased by 8.2% and 8.1% year-on-year, respectively. Despite the uncertain interest rate environment, the healthcare sector remains defensive, supporting continuous growth in distributions
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