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Keppel REIT ( (SG:K71U) ) has shared an announcement.
Keppel REIT has issued 12,256,676 new units at S$0.9043 each to its manager, Keppel REIT Management Limited, as partial payment of the base management fee for the period from 1 January to 31 March 2026. The issue price was based on the volume weighted average price over the 10 trading days preceding 31 March 2026 on the Singapore Exchange.
Under the trust deed, the manager can elect to receive fees in a mix of units and cash, and for this period it opted to take all fees related to the additional one-third interest in Marina Bay Financial Centre Tower 3 in units, and 75% of fees from the rest of the portfolio in units and 25% in cash. Following the issuance, the manager’s stake in Keppel REIT has risen to 294,098,689 units, or about 5.92% of the total 4,967,343,572 units outstanding, modestly increasing ownership alignment with unitholders while slightly diluting existing investors.
The most recent analyst rating on (SG:K71U) stock is a Buy with a S$1.01 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 owning and managing a portfolio of office and commercial properties. Its assets include interests in landmark developments such as Marina Bay Financial Centre, and it derives income from leasing these properties to a range of corporate tenants in the Asia-Pacific region.
Average Trading Volume: 17,995,611
Technical Sentiment Signal: Buy
Current Market Cap: S$4.46B
See more insights into K71U stock on TipRanks’ Stock Analysis page.