Parkway Life REIT has lately revealed its Q3 2024 monetary report. Whereas the numbers replicate some challenges, the narrative is much from gloomy. Let’s dive into the monetary highlights, discover the REIT’s distinctive worth proposition, assess the dangers, and perceive the way it stacks up in opposition to rivals. 🏢 Market cap: $2.4B 🔥 Dividend yield: 3.7% 📒 Worth to e book: 1.7 📢 Gearing: 37.5% 🔎 DPU 5Y Progress: 2.84%
Monetary Highlights
Parkway Life REIT reported a gross income of $108.5 million for 3QFY2024, marking a 2.2% decline year-on-year. This dip is basically attributed to the depreciation of the Japanese yen in opposition to the Singapore greenback. Nonetheless, it’s not all dangerous information—this income discount was partially mitigated by contributions from newly acquired properties in 2023 and 2024,…
