SGX:C2PUHealth Care REITs
Parkway Life REIT (SGX:C2PU) Stock Faces Earnings And Distribution Questions
Parkway Life Real Estate Investment Trust stock closed at S$4.23 after the market weighed a fresh set of results against a year of strong headline earnings. The trailing 12 month net profit margin sits at 55.4%, yet a S$51.8m one off gain does a lot of the heavy lifting. That is the real story behind today’s reaction.
The short term picture looks flattering. The longer term view is more demanding. Earnings are expected to decline over the next three years, which puts the focus squarely on the...