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Keppel REIT ( (SG:K71U) ) has provided an update.
Keppel REIT has secured three loan facilities guaranteed by HSBC Institutional Trust Services, with specific conditions related to changes in management or shareholding. These facilities, totaling A$240 million and S$200 million, require immediate repayment if Keppel REIT’s management changes and a suitable replacement from Keppel Capital Holdings or Keppel Ltd. is not appointed, impacting the company’s financial flexibility and operational stability.
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 primarily focuses on investing in commercial properties. It is managed by Keppel REIT Management Limited, a subsidiary of Keppel Capital Holdings Pte. Ltd., and operates within the real estate industry with a market focus on high-quality office spaces.
Average Trading Volume: 9,137,105
Technical Sentiment Signal: Buy
Current Market Cap: S$4.21B
Learn more about K71U stock on TipRanks’ Stock Analysis page.