SGX:K71UOffice REITs
Does Keppel REIT’s S$886m Rights Issue Reshape The Bull Case For Keppel REIT (SGX:K71U)?
Earlier this month, Keppel REIT announced a follow-on equity offering via a rights issue to raise about S$886.26 million by issuing 923,189,327 new units at S$0.96 each.
This sizeable capital raise via a rights structure brings dilution risk to existing unitholders while raising questions about how effectively the new funds will be deployed.
We’ll now explore how this large, potentially dilutive rights issue could reshape Keppel REIT’s previously income-focused investment narrative.
The...