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An announcement from Keppel REIT ( (SG:K71U) ) is now available.
Keppel REIT, through its wholly owned subsidiary Keppel REIT Fin. Company Pte. Ltd., has secured three Singapore dollar-denominated bridge loan facilities totalling roughly S$892 million, each guaranteed by the REIT’s trustee. The facilities include change-of-control-style clauses requiring mandatory prepayment within a short period if Keppel REIT’s manager ceases to be the manager or is no longer wholly owned by Keppel group entities, and no qualifying Keppel-owned replacement manager is appointed, underscoring lenders’ reliance on the current sponsorship and management structure and highlighting the importance of ownership stability for both financing arrangements and REIT 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 Singapore-listed real estate investment trust focused on owning and managing income-producing commercial real estate assets, primarily prime office properties, to generate stable returns for its unitholders.
Average Trading Volume: 10,838,726
Technical Sentiment Signal: Buy
Current Market Cap: S$4.81B
Learn more about K71U stock on TipRanks’ Stock Analysis page.