Equity Analysis /

SG : Parkway Life REIT - Stability priced in

    Munyee Lock
    Munyee Lock

    Head of Regional Property

    25 April 2022
    Published by

    1Q22 revenue/NPI were in line at 24%/24.3% of our FY22F forecasts. Stronger Singapore and Japan contributions due to organic and acquisition growth. Downgrade to Hold with an unchanged TP of S$5.05.