tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Keppel REIT Begins Despatch of Documents for S$886 Million Preferential Offering

Story Highlights
  • Keppel REIT has started sending offering documents to entitled unitholders for its non-renounceable preferential issuance.
  • The REIT aims to raise about S$886 million to fund new units and boost its stake in Marina Bay Financial Centre Tower 3.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Keppel REIT Begins Despatch of Documents for S$886 Million Preferential Offering

Claim 70% Off TipRanks This Holiday Season

Keppel REIT ( (SG:K71U) ) has shared an announcement.

Keppel REIT has commenced the despatch of an instruction booklet, application forms and provisional allotment letters to entitled unitholders as part of its previously announced underwritten, non-renounceable preferential offering. The offering will raise approximately S$886.3 million through the issuance of 923,189,327 new units on the basis of 23 new units for every 100 existing units held as at 22 December 2025, with the proceeds intended, among other uses, to support the acquisition of an additional one-third interest in Marina Bay Financial Centre Tower 3, potentially strengthening the REIT’s income base and strategic position in Singapore’s prime office market.

The most recent analyst rating on (SG:K71U) stock is a Buy with a S$1.20 price target. To see the full list of analyst forecasts on Keppel REIT stock, see the SG:K71U Stock Forecast page.

More about Keppel REIT

Keppel REIT is a Singapore-listed real estate investment trust focused on investing in income-producing commercial properties, primarily premium office assets in key business districts. It provides investors with exposure to stable rental income and potential capital appreciation from a portfolio of high-quality office developments in Singapore and other major gateway cities.

Average Trading Volume: 10,851,511

Technical Sentiment Signal: Buy

Current Market Cap: S$4.79B

Find detailed analytics on K71U stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1