ParkwayLife Reit - Acquisition of 11 Nursing home in France at about 160m. Including Professional fees is about 172m. Why need to place Private placement at 3.88 to obtain 180m fund! Dilution of share as it is not a big amount should be able to take up loan to fund this acquisition! More over, their Gearing is below 40 percent. DpU accretive of 1.6 percent, seem not much!

 ParkwayLife Reit  - Acquisition of 11 Nursing home in France at about 160m. Including Professional fees is about 172m. Why need to place Private placement of at 3.88 to obtain 180m fund! 

Dilution of share as it is not a big amount should be able to take up loan to fund this acquisition!

 More over,  their Gearing is below 40 percent.  DpU accretive of 1.6 percent, seem not much! 

Estimate DPU for FY2023 to increase from 14.77 cents to 15 cents. 

Advance DPU of between 4.8 to 5.2 cents from 1st July to 22nd October.  

Last closing price of 3.99.

Yield is about 3.87% at 3.88.

Pls dyodd.