SGX:AJBUSpecialized REITs
Keppel DC REIT (SGX:AJBU) Following Its Equity Raise Looks Cheap Against Fair Value
Keppel DC REIT (SGX:AJBU) has just completed a follow on equity offering of SGD 625.002 million at SGD 2.10 per unit, shortly after confirming an advanced distribution for existing unitholders ahead of new unit issuance.
At a latest share price of SGD 2.12, Keppel DC REIT has seen its short term share price return drift lower, with the 7 day share price return down 3.2% and the 30 day share price return down 3.6%. This comes even as the 3 year total shareholder return of 14.8% and 5 year...