Parkway Life REIT

C2PU.SI : Singapore Exchange

3.540

-1.12%

Share Price in SGD. As of 28 May 17:04:20 SGT

Chart

Key stats

  • 52-Week High
    SGD 3.930
  • 52-Week Low
    SGD 3.330
  • Market Cap
    SGD 2.1B
  • Avg Volume
    393K
  • P/E Ratio (TTM)
    20.82
  • Forward Dividend Yield
    4.24%

Share Price Performance

C2PU.SI
Market
1 Day -0.84% 0.09%
5 Day -1.12% 0.67%
1 Month 0.85% 1.13%
6 Month 1.14% 8.62%
YTD -4.07% 3.10%
1 Year -8.76% -1.30%
5 Year 15.69% 0.89%
Include dividend return

All

Market Analysis

Consensus Share Price Target

Price Target: $4.420

Sell
Underperform
Neutral
Outperform
Buy

Source: SGX as of 28 May 2024

Analyst Ratings

  • CGS-CIMB

    05 Feb 2024

    Add

    4.500

  • DBS Research

    21 Jun 2023

    Buy

    4.800

  • OCBC Investment

    05 Feb 2024

    Buy

    4.270

  • UOB Kay Hian

    07 Feb 2024

    Buy

    5.070

    (prev 4.840)

Analyst Reports

Beansprout Insights

Beansprout's Checklist

  • Fundamental

    Occupancy Rate of 99.70% is lower than sector average of 99.85%

  • Financial

    Gearing Ratio of 35.60% is lower than sector average of 37.15%

  • Valuation

    Dividend Yield of 4.24% is lower than sector average of 6.20%

Revenue Breakdown by Asset

Revenue Breakdown by Geography

Valuation

Price to book (P/B) ratio

Current P/B
1.5
Historical Average P/B
1.5

Parkway Life REIT's current P/B ratio of 1.5x is higher than its historical average P/B ratio of 1.5x.

Earnings

Earnings per share (EPS)

The latest earnings per share is $0.17, which is higher than the earnings per share of $0.07 in 2022.

Financials

Financial Statements

26 Feb 2024

Full Yearly Results

For period ending 31 Dec 2023

01 Feb 2024

Full Yearly Results

For period ending 31 Dec 2023

26 Jul 2023

Half Yearly Results

For period ending 30 Jun 2023

Annual Reports

28 Mar 2024

Annual Report

For period ending 31 Dec 2023

News

Profile

Company Description

Parkway Life REIT is established by Parkway Holdings Limited to invest primarily in income-producing real estate and/or real estate-related assets in the Asia-Pacific region (including Singapore) that are used primarily for healthcare and/or healthcare-related purposes (including but not limited to, hospitals, healthcare facilities and real estate and/or real estate assets used in connection with healthcare research, education, and the manufacture or storage of drugs, medicine and other healthcare goods and devices), whether wholly or partially owned, and whether directly or indirectly held through the ownership of special purpose vehicles whose primary purpose is to own such real estate. The Manager of Parkway Life REIT, PHR Management Pte Ltd was incorporated in Singapore on 19 April 2007 and changed its name to Parkway Trust Management Pte Ltd. The Manager subsequently changed its name to Parkway Trust Management Limited on 12 July 2007. The Manager’s key financial objective is to provide Unitholders with attractive total returns by, among other things: a) acquiring healthcare dedicated investment properties that meet the Manager’s investment criteria; b) actively managing Parkway Life REIT’s property portfolio to enhance the returns from the property portfolio; and c) employing appropriate capital financing and hedging strategies to manage fluctuation risks in interest rates and foreign exchange risks. Parkway Life REIT will initially invest in and own the following properties, all of which are located in Singapore: The Mount Elizabeth Hospital Property; The Gleneagles Hospital Property; and The East Shore Hospital Property

FAQ

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