Keppel Sells Partial Stake in Keppel DC Reit

News about Keppel DC REIT

Keppel, the parent of Keppel DC Reit, is selling a 4.08% stake in the trust for S$74.96 million.

Completion of the sale is expected to take place on Sept 5, 2018. Upon completion, Keppel's indirect interest in Keppel DC Reit will decrease from about 29.27 per cent to about 25.2 per cent.

Keppel DC REIT
Price1.740 SGD
NAV1.060 SGD
Yield (4 quarters)4.34%
Gearing31.9%