Sponsored Links
Parkway Life REIT - On the road
Thursday, June 4, 2009
PLife REIT Management elaborated on its acquisition rationale and strategies, and has assured investors that lease arrangements in future acquisitions will strengthen, and not erode the defensiveness of PLife. In the longer term, tenant concentration risks in PWAY are likely to be reduced. An acquisition this year looks increasingly likely. Yields have been compressed to 7.9%. Offers from cash-strapped healthcare operators have increased, and capital markets seem to be opening up once again. We expect acquisitions to be a kicker for PLife. Maintain Outperform and target price of S$1.20 (discount 8.1%), based on DDM valuation.
Labels:
PLife Reit
Disclaimers
These articles are neither an offer nor the solicitation of an offer to sell or purchase any investment. Its contents are based on information obtained from sources believed to be reliable and we make no representation and accepts no responsibility or liability as to its completeness or accuracy. We share them here as they are very informative, we claim no rights to these articles. If you own these articles, and do not wish to share it here, please do inform us by putting a comment and we will remove them immediately. We do not have any intentions to infringe any copyrights of yours. This is a place to keep record on the analyst recommendation for our own future references. We hope this serves as a record in the future, also make them searchable. We bear no responsibility for any profit, loss generated from these reports.
Comments
No response to “Parkway Life REIT - On the road”
Post Comments (Atom)
Post a Comment |
Post a Comment