Equity Real Estate Investment Trusts (REITs)

ParkwayLife Reit

ParkwayLife Reit released FY2026 Q1 earnings on April 30 After-Market SGT, actual revenue SGD 38.16 M, actual EPS SGD 0.0409

ParkwayLife Reit to Release FY2026 Q1 Earnings on April 30 After-Market SGT

ParkwayLife Reit released FY2025 Q4 earnings on February 2, After-Market SGT, with actual revenue of SGD 38.97 M and EPS of SGD 0.1359

ParkwayLife Reit released FY2025 earnings on February 2, After-Market SGT, with actual revenue of SGD 156.29 M (forecasted SGD 162.61 M) and actual EPS of SGD 0.234 (forecasted SGD 0.1718)

ParkwayLife Reit to Release FY2025 Annual Earnings on February 2, 2026 After-Market (SGT), Forecast Revenue SGD 162.61 M, EPS SGD 0.1718

OCBC Recommends Buying Parkway Life REIT

ParkwayLife Reit released FY2025 9 Months Earnings on November 5, Pre-Market SGT: Actual Revenue SGD 117.33 M, Actual EPS SGD 0.0332

ParkwayLife Reit released FY2025 Q3 earnings on November 5 Pre-Market (SGT), actual revenue SGD 39.02 M, actual EPS SGD 0

ParkwayLife Reit to Release FY2025 Q3 Earnings on November 5, Pre-Market SGT

ParkwayLife Reit released FY2025 Semi-Annual earnings on August 5 Pre-Market (SGT), actual revenue SGD 78.31 M, actual EPS SGD 0.0621

ParkwayLife Reit released FY2025 Q2 earnings on August 5 Pre-Market (SGT), actual revenue SGD 39.33 M, actual EPS SGD 0.0332

ParkwayLife Reit to Release FY2025 Semi-Annual Earnings on August 6, 2025 (SGT)

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ParkwayLife Reit released FY2025 Q1 earnings on April 21 Pre-Market SGT, actual revenue SGD 38.98 M, actual EPS SGD 0.0288

ParkwayLife Reit FY2025 Q1 Earnings Release on April 22, Pre-Market SGT

ParkwayLife Reit released FY2024 earnings on February 5, After-Market SGT, with actual revenue of SGD 145.27 M (forecasted SGD 151.98 M) and actual EPS of SGD 0.155 (forecasted SGD 0.1702)

ParkwayLife Reit released FY2024 Q4 earnings on February 5 After-Market (SGT), actual revenue SGD 36.79 M, actual EPS SGD 0

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C2PU

UOB Kay Hian analyst Jonathan Koh has maintained a Buy rating on Parkway Life Real Estate Investment (PRKWF) with a price target of S$5.45. Koh, a 4-star analyst, has an average return of 5.2% and a 63.82% success rate. The general analyst consensus for Parkway Life is a Strong Buy, with an average price target of S$5.00.

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UOB Kay Hian Keeps Their Buy Rating on Parkway Life Real Estate Investment (PRKWF)

Parkway Life REIT (PLife REIT) reported a 15.1% increase in distribution per unit to 4.42 cents for Q1 2026, with distributable income rising to $28.8 million. However, gross revenue fell 2.1% to $38.2 million due to yen depreciation and tenant exits in Japan. The group anticipates a 24.3% increase in minimum rent to $99.1 million for FY2026, driven by CPI-linked adjustments. Net property income also declined by 2.7% to $35.8 million. PLife REIT's portfolio is valued at approximately $2.57 billion, comprising 74 properties.

Singapore Business Review

PLife REIT Q1 DPU rises 15.1% on higher SG hospital rents

Parkway Life Reit reported a 15.1% increase in Q1 distribution per unit (DPU) to S$0.0442, driven by higher rental contributions from Singapore hospitals. Distributable income rose to S$28.8 million, while revenue fell 2.1% to S$38.2 million. The Reit plans to expand in growing healthcare markets, particularly in Japan. The portfolio size is S$2.57 billion, with a healthy gearing of 34.2%. Units closed at S$4.02, down 1%.

Businesstimes News

Parkway Life Reit Q1 DPU up 15.1% at S$0.0442 on higher Singapore hospital rents

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Analysts recommend defensive Singapore real estate investment trusts (S-Reits) amid macroeconomic uncertainty. Macquarie Equity Research highlights CapitaLand Integrated Commercial Trust (CICT) and Parkway Life Reit as top picks. CGS International also favors CICT for its growth potential. Despite risks from higher funding costs and macro headwinds, both brokerages maintain an "overweight" rating on S-Reits, citing attractive valuations. The sector has retraced 5% year-to-date, but analysts expect high portfolio occupancy and positive reversions in various segments, with a cautious outlook on the impact of global tensions.

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Parkway Life REIT is recommended for buy, with a target price of SGD 4.75 and a closing price of SGD 4.02 (+0.25%). The Monetary Authority of Singapore has raised its inflation forecast to 1.5%-2.5%, which is favorable for the trust, as 65% of its revenue is linked to inflation. It is expected that rising inflation in 2026 will drive rental income growth in the fiscal year 2027, potentially allowing for an increase in the distribution per unit. This trust is the only real estate investment trust in Singapore with income visibility until 2042, providing income certainty and growth above inflation. Maintain "Buy" rating

Zaobao

Keppel DC Reit

Stock Analysis: ParkwayLife Reit | Lianhe Zaobao

DBS analyst Derek Tan has reaffirmed a Buy rating for Parkway Life Real Estate Investment (PRKWF) with a price target of S$4.75. Tan, a 3-star analyst with a 46.81% success rate, focuses on the Real Estate sector. The current analyst consensus for Parkway Life is a Strong Buy, with an average price target of S$4.99.

DBS Sticks to Their Buy Rating for Parkway Life Real Estate Investment (PRKWF)

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DBS has issued a $72 million (JPY 8.8 billion) 10-year social loan to Parkway Life REIT (PLife REIT) to finance elder care facilities in Japan, marking the first healthcare-sector social loan for both parties. The loan aligns with PLife REIT's Sustainable Finance Framework, which adheres to international Social Loan Principles. Performance indicators include the number of nursing home accommodations and beneficiaries of PLife REIT programs. This initiative aims to enhance healthcare infrastructure in Japan, addressing the needs of its aging population, which is projected to reach 36.25 million by 2024.

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DBS’ $72m loan to PLife REIT to finance elder care in Japan

Parkway Life Real Estate Investment Trust (Reit) has secured an 8.8 billion yen (S$72 million) social loan from DBS and priced a S$70 million green bond at a 2.103% coupon. The funds will refinance loans maturing in Q4 2026 and support sustainable projects in Singapore, Japan, and Europe. The social loan is for acquiring nursing homes in Japan, while the green bond will fund renewal works at Mount Elizabeth Hospital, aiming for Green Mark Platinum certification. After these transactions, Parkway Life Reit will have no debt refinancing needs until March 2027, extending its average debt maturity to 4.1 years.

Parkway Life Reit secures 8.8 billion yen social loan from DBS, issues S$70 million green bond

ParkwayLife Reit(C2PU.SG)