Parkway Life REIT Likely Building Next Growth Pillar in France

Dow Jones
Jul 17

0525 GMT - Parkway Life REIT is likely building its next growth pillar in France, Maybank Research's Liu Miaomiao says in a report. Management reiterated its long-term strategy to diversify beyond Singapore and Japan, with France expected to become an increasingly important acquisition market, the analyst notes. France offers an attractive combination of favorable demographics, limited new supply and inflation-linked leases, providing a long runway for acquisitions, the analyst says. The REIT's future growth will probably be increasingly skewed toward Singapore and France. Maybank Research raises the target price to S$4.88 from S$4.70 to reflect lower cost of equity assumptions, with an unchanged buy rating. Units are 0.5% higher at S$4.16. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

July 17, 2026 01:25 ET (05:25 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10