0337 GMT - Parkway Life REIT's recent proposed acquisition in France should bring income stability, Citi Research analyst Brandon Lee writes in a note. The acquisition of 11 nursing homes from DomusVi Group will lead to future growth opportunities in Europe, Lee says. These nursing homes will be leased to DomusVi under a 12-year term. Under the partnership, the REIT will be offered potential future opportunities on consolidation, as DomusVi intends to go asset-light, Lee says. Citi maintains a neutral rating on the REIT and a target price of S$4.00. Units are last at S$3.85.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
October 23, 2024 23:37 ET (03:37 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。