Parkway Life REIT Likely on Solid Growth Trajectory

Dow Jones

Feb 10, 2025

0758 GMT - Parkway Life REIT is likely on a solid growth trajectory, DBS Group Research analysts say in a research report, as they maintain its buy rating on the REIT. The full earnings impact of the REIT's recent acquisition of a portfolio of French nursing homes is expected to emerge this year, the analysts say. Also, the rental upside for the REIT's Singapore hospitals should kick in from 2026, thanks to their master-lease renewal. Moreover, there's potential further upside to its Mount Elizabeth Orchard hospital's revenues post-asset enhancement initiative in 2026. However, DBS trims the unit's target price to S$4.75 from S$4.80 to reflect some adjusted assumptions. Units are 1.0% lower at S$3.94. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

February 10, 2025 02:58 ET (07:58 GMT)

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The full earnings impact of the REIT's recent acquisition of a portfolio of French nursing homes is expected to emerge this year, the analysts say. Also, the rental upside for the REIT's Singapore hospitals should kick in from 2026, thanks to their master-lease renewal. Moreover, there's potential further upside to its Mount Elizabeth Orchard hospital's revenues post-asset enhancement initiative in 2026. However, DBS trims the unit's target price to S$4.75 from S$4.80 to reflect some adjusted assumptions. Units are 1.0% lower at S$3.94. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 10, 2025 02:58 ET (07:58 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Parkway Life REIT Likely on Solid Growth Trajectory</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nParkway Life REIT Likely on Solid Growth Trajectory\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-10 15:58</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0758 GMT - Parkway Life REIT is likely on a solid growth trajectory, DBS Group Research analysts say in a research report, as they maintain its buy rating on the REIT. The full earnings impact of the REIT's recent acquisition of a portfolio of French nursing homes is expected to emerge this year, the analysts say. Also, the rental upside for the REIT's Singapore hospitals should kick in from 2026, thanks to their master-lease renewal. Moreover, there's potential further upside to its Mount Elizabeth Orchard hospital's revenues post-asset enhancement initiative in 2026. However, DBS trims the unit's target price to S$4.75 from S$4.80 to reflect some adjusted assumptions. Units are 1.0% lower at S$3.94. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 10, 2025 02:58 ET (07:58 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6523","symbol_name":"ESG概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2510887122","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2510887122","pubTimestamp":1739174280,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0758 GMT - Parkway Life REIT is likely on a solid growth trajectory, DBS Group Research analysts say in a research report, as they maintain its buy rating on the REIT. The full earnings impact of the REIT's recent acquisition of a portfolio of French nursing homes is expected to emerge this year, the analysts say. Also, the rental upside for the REIT's Singapore hospitals should kick in from 2026, thanks to their master-lease renewal. Moreover, there's potential further upside to its Mount Elizabeth Orchard hospital's revenues post-asset enhancement initiative in 2026. However, DBS trims the unit's target price to S$4.75 from S$4.80 to reflect some adjusted assumptions. Units are 1.0% lower at S$3.94. 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The full earnings impact of the REIT's recent acquisition of a portfolio of French nursing homes is expected to emerge this year, the analysts say. Also, the rental upside for the REIT's Singapore hospitals should kick in from 2026, thanks to their master-lease renewal. Moreover, there's potential further upside to its Mount Elizabeth Orchard hospital's revenues post-asset enhancement initiative in 2026. However, DBS trims the unit's target price to S$4.75 from S$4.80 to reflect some adjusted assumptions. Units are 1.0% lower at S$3.94. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 10, 2025 02:58 ET (07:58 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}