SGX:K71UOffice REITs
Keppel REIT (SGX:K71U): Reassessing Valuation After Its SGD 886m Rights Issue and Capital Raise
Keppel REIT (SGX:K71U) has kicked off a sizeable rights issue, filing a follow on equity offering of about SGD 886 million at SGD 0.96 per unit. This is a move that directly reshapes its near term capital structure and investor calculations.
See our latest analysis for Keppel REIT.
The rights issue comes after a relatively resilient run, with a year to date share price return of 13.79% and a 1 year total shareholder return of 27.81%. This suggests momentum is still broadly constructive...