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Keppel DC REIT ( (SG:AJBU) ) has issued an update.
Keppel DC REIT announced the results of its preferential offering, which was approximately 168.2% subscribed, raising gross proceeds of approximately S$404.5 million. This successful offering indicates strong investor confidence and is expected to enhance the company’s financial flexibility and support its growth strategy in the data center industry.
The most recent analyst rating on (SG:AJBU) stock is a Buy with a S$2.48 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 data center properties. It provides investors with exposure to a portfolio of income-producing real estate assets used primarily for data center purposes, catering to the growing demand for digital infrastructure.
Average Trading Volume: 7,564,810
Technical Sentiment Signal: Buy
Current Market Cap: S$5.75B
For an in-depth examination of AJBU stock, go to TipRanks’ Overview page.