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Keppel REIT ( (SG:K71U) ) has shared an update.
Keppel REIT Management Limited announced the issuance of 26,548,914 units at S$0.8507 per unit as payment for its management fees, thereby increasing its holdings to approximately 4.83% of the total issued units. This strategic move aligns with Keppel REIT’s trust deed, allowing the company to receive its management fees entirely in units, reinforcing its commitment to stakeholder value and its positioning in the REIT market.
More about Keppel REIT
Keppel REIT is a real estate investment trust (REIT) based in Singapore, focusing on high-quality commercial properties across key cities in Asia. It operates and manages a portfolio of premium office assets, aiming to provide sustainable and recurring income for its stakeholders.
YTD Price Performance: -1.77%
Average Trading Volume: 27,349
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.33B
Learn more about K71U stock on TipRanks’ Stock Analysis page.