Broker: DBS
Date of Report: 14 Apr 2026

Excerpt from DBS report

Report Summary

• Stock: Parkway Life Real Estate Investment Trust (PREIT)
• Action: BUY
• Target Price: SGD 4.75
• Most Important Idea: Rising inflation is a clear tailwind for PREIT, with approximately 65% of its income from Singapore hospitals under an inflation-linked rental structure (CPI + 1%). From FY26, rent reviews will be based on the higher of (CPI + 1%) or (base + variable rent), positioning PREIT for structural upside in a higher inflation environment.
• Highlights: MAS raised inflation expectations to 1.5-2.5%, supporting future rental and income growth for PREIT. PREIT offers income visibility to 2042 and is trading at ~1.5x forward P/B with a 4.5% forward yield. Recent share price weakness presents an attractive entry point.
• Implication: Potential upside of 0.4%-1.6% to FY27 estimates due to higher inflation, not yet priced in by the market.

above is an excerpt from a report by DBS. Clients of DBS can be the first to access the full report from the DBS website : https://www.dbs.com