Seeing positives for Singapore Reits from investors’ support of Keppel Reit’s DPU-dilutive MBFC Tower 3 acquisition
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Keppel Reit has acquired a one-third stake in Marina Bay Financial Centre Tower 3 for S$937.5 million, valued at S$1.453 billion. This acquisition, while significant, is expected to lower the trust's distribution per unit (DPU) in the short term. Despite this, investor support for the deal suggests a positive outlook for Singapore Reits, as managers aim to grow DPU through strategic property acquisitions.
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