Parkway Life Real Estate Investment (C2PU) AI Stock Analysis

• Market Cap: S$2.64B
• Dividend Yield: 3.68%
• Average Volume (3M): 953.84K
• Price to Earnings (P/E): 26.1
• Beta (1Y): 0.32
• Revenue Growth: -0.99%
• EPS Growth: -6.50%
• Country: SG
• Employees: 23
• Sector: Real Estate
• Sector Strength: 57
• Industry: REIT - Healthcare Facilities
• EPS (TTM): N/A
• Shares Outstanding: 652,420,400
• 10 Day Avg. Volume: 919,180
• 30 Day Avg. Volume: 953,840
• PEG Ratio: N/A
• Price to Book (P/B): 1.56
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: S$1.70
• Price Target Upside: -58.01% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 69 Neutral
• Price Target: S$4.50 ▲(11.11%Upside)

The overall stock score of 69 reflects a strong financial performance with healthy profitability and cash flow management. However, weak technical indicators and a relatively high P/E ratio suggest caution. The dividend yield provides a buffer, but market momentum remains a concern.

Positive Factors

Earnings Visibility

Highly visible and stable earnings are underpinned by a strong foothold in the Singapore private hospital market.

Strategic Expansion

The acquisition of 11 nursing homes in France represents a strategic entry into a third core market, providing an NPI yield of 6.5%.

Negative Factors

Currency Risk

Currency risks are present as PLife REIT derives approximately 40% of its earnings from healthcare assets in Japan and is exposed to foreign exchange volatility.

Finance Costs

Finance costs have increased 14.9% due to funding of capex for Project Renaissance and new acquisitions as well as higher interest costs from SGD-denominated debts.

Parkway Life Real Estate Investment Business Overview & Revenue Model

Company Description

Parkway Life Real Estate Investment Trust (C2PU) is one of Asia's largest listed healthcare real estate investment trusts. It invests primarily in income-producing real estate and real estate-related assets in the Asia-Pacific region, focusing on the healthcare and healthcare-related industry. Its portfolio includes hospitals, nursing homes, and other healthcare facilities, providing a stable and growing income stream for its investors.

How the Company Makes Money

Parkway Life Real Estate Investment Trust generates revenue primarily through the rental income obtained from its portfolio of healthcare-related properties. These properties are leased to healthcare operators and service providers under long-term lease agreements, ensuring a steady flow of rental income. Additionally, the trust may periodically engage in property acquisitions and divestments to optimize its portfolio and maximize returns. Significant partnerships with established healthcare operators enhance the trust's ability to maintain high occupancy rates and secure favorable lease terms, contributing to its financial performance.

Parkway Life Real Estate Investment Financial Statement Overview

Summary

Parkway Life Real Estate Investment exhibits a solid financial position characterized by strong profitability and effective cash flow management. While revenue growth has faced recent challenges, the company maintains healthy margins and a balanced leverage strategy, positioning it well within the REIT - Healthcare Facilities industry.

Income Statement

The company demonstrates strong profitability with a consistent gross profit margin. However, while the net profit margin is healthy, recent revenue growth is slightly negative, indicating potential challenges in maintaining top-line growth. EBIT margin is unavailable, but EBITDA margin remains robust, reflecting efficient operations.

Balance Sheet

The balance sheet presents a stable equity ratio, indicating a solid equity position relative to total assets. The debt-to-equity ratio is moderate, reflecting a balanced approach to leverage. Return on equity is strong, suggesting effective use of equity to generate profits.

Cash Flow

Operating cash flow remains strong, supporting net income well. However, free cash flow growth has been inconsistent, with a decline in the most recent year. The free cash flow to net income ratio is solid, indicating good cash conversion from earnings.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	153.49M	147.47M	129.97M	120.70M	120.89M
Gross Profit	126.74M	124.59M	121.87M	111.23M	112.53M
EBITDA	113.88M	121.20M	112.14M	344.92M	101.73M
Net Income	95.04M	100.47M	41.14M	331.88M	87.22M
Balance Sheet
Total Assets	2.55B	2.33B	2.34B	2.35B	2.07B
Cash, Cash Equivalents and Short-Term Investments	29.47M	28.50M	40.01M	25.79M	22.66M
Total Debt	886.11M	828.47M	851.89M	828.01M	793.65M
Total Liabilities	981.20M	919.58M	931.66M	910.43M	883.36M
Stockholders Equity	1.57B	1.41B	1.41B	1.43B	1.18B
Cash Flow
Free Cash Flow	46.68M	77.65M	30.74M	78.17M	85.73M
Operating Cash Flow	95.79M	108.69M	94.63M	89.86M	90.31M
Investing Cash Flow	-239.93M	-49.56M	-125.18M	-74.99M	-28.57M
Financing Cash Flow	147.35M	-67.92M	47.75M	-9.98M	-61.46M

Parkway Life Real Estate Investment Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:C2PU, the sentiment is Positive. The current price of 4.05 is below the 20-day moving average (MA) of 4.06, below the 50-day MA of 4.06, and above the 200-day MA of 3.93, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 48.89 is Neutral, neither overbought nor oversold. The STOCH value of 42.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:C2PU.

Parkway Life Real Estate Investment Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
C2PU	69 Neutral	S$2.64B	26.11	6.39%	3.68%	-0.99%	-6.50%
TQ5	68 Neutral	$3.73B	14.18	2.80%	4.74%	19.82%	―
Sector *	65 Neutral	$2.04B	17.22	2.45%	5.04%	0.60%	-0.30%
T82U	65 Neutral	$3.50B	30.23	-0.32%	5.25%	0.01%	-110.22%
TS0U	60 Neutral	S$1.71B	8.06	-2.15%	6.65%	-11.65%	-137.98%
9A4U	54 Neutral	S$2.12B	―	-6.38%	3.26%	-4.01%	-66.90%

Parkway Life Real Estate Investment Corporate Events

Parkway Life REIT Holds Annual General Meeting to Discuss Performance and Strategies

Parkway Life REIT held its Annual General Meeting on April 21, 2025, with key figures from the company and its partners in attendance. The meeting was led by Mr. Ho Kian Guan, the Independent Director and Chairman of the Board. The event served as a platform for the management to engage with unitholders and discuss the company’s performance and future strategies. This meeting is crucial for maintaining transparency and trust with stakeholders, ensuring that they are informed about the company’s operations and strategic direction.

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.

PLife REIT Issues New Units to Manager for Fee Payment

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.

Parkway Life REIT Announces Change in Company Secretary

Parkway Life Real Estate Investment Trust has announced a change in its company secretary, with Ms. Chan Wan Mei resigning and Ms. Joannah P. Resol being appointed as her successor, effective April 30, 2025. This change reflects the company’s ongoing adjustments in its management team, which could have implications for its operational continuity and stakeholder relations.