Keppel REIT
K71U: XSES (SGP)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|S< | LOCK|<<H | LOCK|rmZhh# |
Keppel REIT: Raising SGD 113 Million via Private Placement to Diversify Into Australian Retail Asset
Keppel REIT is acquiring a 75% stake in its first pure-play retail asset, Top Ryde City Shopping Centre, in Sydney, Australia for SGD 335 million. The acquisition will be funded through a mix of debt, perpetual securities, and an equity raise of SGD 113 million.
