Tuesday, January 25, 2011

PLife REIT - Parkway Life Reit rated 'buy' by DBS

Stock Name: PLife REIT
Company Name: PARKWAYLIFE REIT
Research House: DBS Vickers

DBS Vickers Securities in a Jan 24 research report says: "4Q10 DPU of 2.38 cents (+16% y-o-y; 6% q-o-q) was within our expectations. Gross revenue grew 21% y-o-y to $21.5 million, driven largely by additional contributions from a total of 19 nursing homes acquired and higher revenue from Singapore properties.


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