0525 GMT - Parkway Life REIT is likely building its next growth pillar in France, Maybank Research's Liu Miaomiao says in a report. Management reiterated its long-term strategy to diversify beyond Singapore and Japan, with France expected to become an increasingly important acquisition market, the analyst notes. France offers an attractive combination of favorable demographics, limited new supply and inflation-linked leases, providing a long runway for acquisitions, the analyst says. The REIT's future growth will probably be increasingly skewed toward Singapore and France. Maybank Research raises the target price to S$4.88 from S$4.70 to reflect lower cost of equity assumptions, with an unchanged buy rating. Units are 0.5% higher at S$4.16. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 17, 2026 01:25 ET (05:25 GMT)

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