SINGAPORE (Nov 10): DBS is reiterating its “buy” call on Parkway Life Real Estate Investment Trust with a higher target price of S$3.10.
Parkway Life REIT yesterday announced that 3Q17 DPU increased 10.1% to 3.37 Singapore cents from 3.06 Singapore cents last year on divestment gains.
Excluding one-time divestment gains from four Japan properties, the REIT would have recorded an increase on 2.8% in DPU for the quarter... (Click here to read the full story.)