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An update from Keppel REIT ( (SG:K71U) ) is now available.
Keppel REIT Management Limited announced that Ocean Properties LLP, in which Keppel REIT holds a 79.9% interest, has secured loan facilities amounting to S$515 million. These loans are designated as Green Loans, aligning with Keppel REIT’s Green Financing Framework. A condition of these loan facilities requires prepayment if Keppel REIT Management Limited ceases to be a wholly-owned subsidiary of Keppel Ltd. This condition could potentially impact approximately S$2,632 million of the group’s facilities in the event of a cross-default, although no such event has occurred as of the announcement date.
The most recent analyst rating on (SG:K71U) stock is a Hold with a S$0.90 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 primarily focuses on investing in commercial properties. It is managed by Keppel REIT Management Limited and operates within the real estate sector, with a significant market focus on sustainable and green financing initiatives.
Average Trading Volume: 7,593,184
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$3.41B
For detailed information about K71U stock, go to TipRanks’ Stock Analysis page.