Keppel REIT Boosts Unit Holdings with Fee Payment

Keppel REIT (SG:K71U) has released an update.

Keppel REIT has issued over 12 million units to pay its management fee for the period from July to September 2024, increasing its total unit holdings to over 160 million units. This move reflects the company’s strategy to compensate management in stock rather than cash, highlighting a confidence in its long-term value. With a current unit price of S$0.9615, Keppel REIT continues to manage its finances strategically for future growth.

For further insights into SG:K71U stock, check out TipRanks’ Stock Analysis page.