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🔎 Singapore Savings Bonds (SSB) Oct 2024 Guide

Parkway Life REIT has recently published its Q3 2024 financial report. While the numbers reflect some challenges, the narrative is far from gloomy. Let’s dive into the financial highlights, explore the REIT’s unique value proposition, assess the risks, and understand how it stacks up against competitors. 🏢 Market cap: $2.4B 🔥 Dividend yield: 3.7% 📒 Price to book: 1.7 📢 Gearing: 37.5% 🔎 DPU 5Y Growth: 2.84%

Financial Highlights

Parkway Life REIT reported a gross revenue of $108.5 million for 3QFY2024, marking a 2.2% decline year-on-year. This dip is largely attributed to the depreciation of the Japanese yen against the Singapore dollar. However, it’s not all bad news—this revenue reduction was partially mitigated by contributions from newly acquired properties in 2023 and 2024,...