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The latest update is out from Keppel REIT ( (SG:K71U) ).
Keppel REIT Management Limited announced that it has obtained a favorable tax ruling from the Inland Revenue Authority of Singapore (IRAS) regarding its S$300,000,000 subordinated perpetual securities issued under its multicurrency debt issuance programme. The IRAS has classified these securities as ‘debt securities’ for tax purposes, allowing them to qualify for certain tax concessions and exemptions. This ruling is expected to positively impact Keppel REIT’s financial operations by potentially reducing tax liabilities and enhancing returns for stakeholders.
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 real estate investment trust that focuses on investing in premium commercial properties in key business districts across Asia. The company primarily deals in real estate assets, providing investors with exposure to high-quality office spaces and related commercial properties.
Average Trading Volume: 8,827,668
Technical Sentiment Signal: Buy
Current Market Cap: S$4.21B
For an in-depth examination of K71U stock, go to TipRanks’ Overview page.