Parkway Life Real Estate Investment, the Real Estate sector company, was revisited by a Wall Street analyst yesterday. Analyst Lock Mun Yee from CGS-CIMB reiterated a Buy rating on the stock and has a S$4.97 price target.
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Lock Mun Yee’s rating is based on Parkway Life REIT’s robust financial performance and strategic positioning. The REIT reported a notable increase in revenue and net property income for the first nine months of 2025, driven by acquisitions in France and Japan, as well as improved lease arrangements in Singapore. This growth was slightly offset by increased interest expenses and capital expenditures, yet the overall distribution income saw a healthy rise.
Additionally, the REIT’s strong balance sheet, with a gearing ratio of 35.8%, provides it with significant capacity for future growth opportunities. The company has hedged a substantial portion of its interest rate exposure, ensuring stability against market fluctuations. Lock Mun Yee appreciates the REIT’s strategic focus on optimizing its asset portfolio and expanding in key markets, which supports the Buy rating. The REIT’s defensive income structure, with built-in rent escalation features, further enhances its appeal as a stable investment.
According to TipRanks, Mun Yee is a 4-star analyst with an average return of 6.4% and a 56.49% success rate. Mun Yee covers the Real Estate sector, focusing on stocks such as Keppel REIT, CapitaLand Ascendas REIT, and ESR-REIT.