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PLife REIT Issues New Units to Manager for Fee Payment

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PLife REIT Issues New Units to Manager for Fee Payment

Confident Investing Starts Here:

Parkway Life Real Estate Investment ( (SG:C2PU) ) has provided an announcement.

Parkway Life Real Estate Investment Trust (PLife REIT) has announced the issuance of 31,865 new units to its manager, Parkway Trust Management Limited (PTM), as part payment for management fees for the first quarter of 2025. The units were issued at an average price of S$3.93 per unit, determined by the volume weighted average price on the SGX-ST. This issuance increases the total units in PLife REIT to 652,420,408, with PTM holding 1,396,208 units. The move reflects PLife REIT’s ongoing strategy to manage its financial obligations through equity, potentially impacting its financial structure and stakeholder interests.

The most recent analyst rating on (SG:C2PU) stock is a Hold with a S$4.00 price target. To see the full list of analyst forecasts on Parkway Life Real Estate Investment stock, see the SG:C2PU Stock Forecast page.

More about Parkway Life Real Estate Investment

Parkway Life Real Estate Investment Trust (PLife REIT) is a Singapore-based real estate investment trust that focuses on investing in income-producing healthcare and healthcare-related real estate assets. It is managed by Parkway Trust Management Limited (PTM) and is listed on the Singapore Exchange Securities Trading Limited (SGX-ST).

Average Trading Volume: 1,382,668

Technical Sentiment Signal: Buy

Current Market Cap: S$2.65B

Learn more about C2PU stock on TipRanks’ Stock Analysis page.

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