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Keppel DC REIT ( (SG:AJBU) ) has provided an announcement.
Keppel DC REIT has announced a fully underwritten non-renounceable preferential offering to raise approximately S$404.5 million. The offering is priced at S$2.24 per new unit, representing a 5.2% discount to the volume-weighted average price. This move is aimed at strengthening the company’s financial position and supporting its strategic growth initiatives in the data center industry.
The most recent analyst rating on (SG:AJBU) stock is a Buy with a S$2.60 price target. To see the full list of analyst forecasts on Keppel DC REIT stock, see the SG:AJBU Stock Forecast page.
More about Keppel DC REIT
Keppel DC REIT is a real estate investment trust based in Singapore, focusing on investments in data center properties. The company is involved in the acquisition, development, and management of data centers, catering to the growing demand for data storage and processing facilities in the digital economy.
YTD Price Performance: 11.11%
Average Trading Volume: 8,530,094
Technical Sentiment Signal: Buy
Current Market Cap: S$5.33B
For a thorough assessment of AJBU stock, go to TipRanks’ Stock Analysis page.