Parkway Life REIT H1 income  lifted by Singapore, France; revenue falls on Japan hit

Parkway Life Real Estate Investment Trust

04/08/2026 24:24

Overview
Singapore healthcare property REIT's H1 2026 gross revenue fell 1.6% yr/yr to S$77.1 mln
Company attributed revenue decline to lower Japan income, JPY FX depreciation and tenant exit
Distributable income for H1 2026 grew 14.6% yr/yr, driven by Singapore and France assets

Outlook
Parkway Life REIT sets FY2026 minimum rent at S$99.1 mln, based on CPI fixed at 0.9% for Singapore hospital portfolio
Company expects Q2 2026 revenue sharing from Singapore hospitals to be reported next quarter
Lower Japan revenue expected, but FX gains to compensate for tenant exit and FX depreciation

Result Drivers
JAPAN PROPERTY IMPACT - Co said lower income from Japan properties, JPY FX depreciation and tenant exits reduced revenue
SINGAPORE RENTAL GROWTH - Higher rental contributions from Singapore hospitals supported distributable income
FRANCE PORTFOLIO CONTRIBUTION - France assets contributed to distributable income growth

Company press release: ID:nSN10jDHC

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Gross Revenue
 
S$77.08 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy"
Wall Street's median 12-month price target for Parkway Life Real Estate Investment Trust is S$4.88, about 15.6% above its August 3 closing price of S$4.22
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 22 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)