Parkway Life REIT Q3 FY2024 Business Update Announcement

Key Facts from the Report:

1. Report Date: The announcement is dated 2 October 2024.
2. Financial Period: The report pertains to the 3rd quarter of the financial year 2024, ending on 30 September 2024.
3. Release Date: Parkway Trust Management Limited will release the detailed 3rd Quarter 2024 Business Update on 16 October 2024, after trading hours.
4. Entity: The report concerns Parkway Life Real Estate Investment Trust (Parkway Life REIT), managed by Parkway Trust Management Limited.

Investor Actions Summary:

• The announcement does not include specific financial performance details or indicate any new dividends.
• It reminds investors of the inherent risks in investing in REIT units, noting that the value of units can fluctuate and are not guaranteed by Parkway Trust Management Limited.

Special Investor Notes:

• Forward-looking Statements: Investors are cautioned regarding forward-looking statements that may involve risks and uncertainties, which could result in outcomes differing from those projected. Factors affecting these could include market conditions, economic factors, changes in public policy, and capital availability.
• Listing and Liquidity: Investors are reminded that unitholders can only trade units through the Singapore Exchange Securities Trading Limited (SGX-ST), and the listing does not guarantee liquidity.

Dividends:

• There is no mention of dividends or any distribution in this specific announcement.

Company Actions to Improve Profitability:

• The document does not provide details about any special actions or strategies being undertaken by the company to enhance profitability.

Investor Recommendations:

1. For Current Investors: Since this announcement does not include specific financial performance or strategic changes, it is advisable to await the detailed business update on 16 October 2024 before making any major investment decisions. Holding onto the stock until more information is available would be prudent.
2. For Potential Investors: Prospective investors should also wait for the upcoming detailed business update before considering entry into Parkway Life REIT. Evaluating the REIT’s financial health and future prospects will be crucial once the update is released.

Disclaimer:

• This recommendation is based solely on the information contained in the provided document. It is not a substitute for professional financial advice. Investors should conduct their own research and consider their risk tolerance before making investment decisions.