Parkway Life REIT's Portfolio, Leases Set to Generate Steady Income -- Market Talk

Dow Jones01-09

0741 GMT - Parkway Life REIT's defensive portfolio and well-structured master leases are poised to generate steady income, OCBC Investment Research analyst Ada Lim says in a research report. The REIT has stable portfolio of 61 high-quality and yield-accretive healthcare assets managed by 33 lessees, the analyst notes. OCBC likes the REIT's long-term lease structures as they provide steady rental income, and hence, downside protection during market downturns. Also, there is growth potential via factors such as rental escalations with tenants, the analyst adds. OCBC initiates coverage of the units with a buy rating and a fair value estimate of S$4.27. Units are 0.8% higher at S$3.70. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

January 09, 2024 02:41 ET (07:41 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2402974068?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-01-09 15:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2402974068","market":"hk","top_or_hot":-1,"title":"Parkway Life REIT's Portfolio, Leases Set to Generate Steady Income -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0741 GMT - Parkway Life REIT's defensive portfolio and well-structured master leases are poised to generate steady income, OCBC Investment Research analyst Ada Lim says in a research report. The REIT has stable portfolio of 61 high-quality and yield-accretive healthcare assets managed by 33 lessees, the analyst notes. OCBC likes the REIT's long-term lease structures as they provide steady rental income, and hence, downside protection during market downturns. Also, there is growth potential via factors such as rental escalations with tenants, the analyst adds. OCBC initiates coverage of the units with a buy rating and a fair value estimate of S$4.27. Units are 0.8% higher at S$3.70. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 09, 2024 02:41 ET (07:41 GMT)\n</p>\n<p>\n  Copyright (c) 2024 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's Portfolio, Leases Set to Generate Steady Income -- Market Talk</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's Portfolio, Leases Set to Generate Steady Income -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-09 15:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0741 GMT - Parkway Life REIT's defensive portfolio and well-structured master leases are poised to generate steady income, OCBC Investment Research analyst Ada Lim says in a research report. The REIT ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PRKWF","symbol_name":"Parkway Life REIT","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2402974068","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2402974068","pubTimestamp":1704786060,"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":"0741 GMT - Parkway Life REIT's defensive portfolio and well-structured master leases are poised to generate steady income, OCBC Investment Research analyst Ada Lim says in a research report. The REIT has stable portfolio of 61 high-quality and yield-accretive healthcare assets managed by 33 lessees, the analyst notes. OCBC likes the REIT's long-term lease structures as they provide steady rental income, and hence, downside protection during market downturns. Also, there is growth potential via factors such as rental escalations with tenants, the analyst adds. OCBC initiates coverage of the units with a buy rating and a fair value estimate of S$4.27. Units are 0.8% higher at S$3.70. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PRKWF":"Parkway Life REIT","SG9999000327.SGD":"Schroder Asian Growth A Dis SGD","BK4225":"医疗保健房地产信托","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","SG9999001127.SGD":"United Singapore Growth Fund SGD","SG9999001135.SGD":"United ASEAN Fund SGD","BK6112":"综合性银行","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","SG9999001689.USD":"施罗德亚洲成长股票","BK6516":"银行与投资服务概念","BK6523":"ESG概念","BK6512":"房地产股","SG9999002406.SGD":"利安新加坡信托基金","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","LU0048573645.USD":"富达东盟基金","REIT":"ALPS Active REIT ETF","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","LU0181495838.USD":"施罗德新兴亚洲A Acc","LU0251143029.SGD":"Fidelity ASEAN A-SGD","LU0072462343.USD":"贝莱德亚洲巨龙基金","SG9999008742.SGD":"Eastspring Investments Unit Trusts - Singapore ASEAN Equity SGD","BK6134":"医疗保健房地产信托","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","CFA.SI":"NikkoAM-STC Asia REIT","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","BK4203":"医疗保健房地产投资信托","O39.SI":"华侨银行","BK6108":"医疗保健房地产投资信托","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD","SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD","C2PU.SI":"百汇生命产业信托","SG9999013478.USD":"利安新加坡股息基金","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","LU0955669360.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","LU1130305938.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD-H","SG9999014302.SGD":"RHB Singapore Income Fund SGD","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD"},"translate_title":"百汇人寿房地产投资信托基金的投资组合，租赁将产生稳定的收入——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"REIT":1,"PRKWF":1,"CFA.SI":1,"O39.SI":0.9,"C2PU.SI":0.9},"content_text":"0741 GMT - Parkway Life REIT's defensive portfolio and well-structured master leases are poised to generate steady income, OCBC Investment Research analyst Ada Lim says in a research report. The REIT has stable portfolio of 61 high-quality and yield-accretive healthcare assets managed by 33 lessees, the analyst notes. OCBC likes the REIT's long-term lease structures as they provide steady rental income, and hence, downside protection during market downturns. Also, there is growth potential via factors such as rental escalations with tenants, the analyst adds. OCBC initiates coverage of the units with a buy rating and a fair value estimate of S$4.27. Units are 0.8% higher at S$3.70. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 09, 2024 02:41 ET (07:41 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2402974068"}