Keppel REIT (formerly: K-Reit Asia)

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#21
The aggregate leverage ratio of Keppel REIT on a pro forma basis (based on Keppel REIT’s unaudited financial results as at 30 June 2013) will be reduced from approximately 44.2% to approximately 43.9%.

I was initially speculating a major rights issue exercise was going to take place with the trading halt especially with Keppel Corp paring down its stake via dividend in species to its shareholders. Guess I was wrong. The small discount to current market price is favourable to current unit-holders. They say the M&A will still be DPU accretive.

(Not Vested)
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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#22
http://www.bloomberg.com/quote/CCT:SP
http://www.msci.com/eqb/gimi/stdindex/MS...icList.pdf
http://cct-trust.listedcompany.com/newsr...9CF2.2.pdf

http://www.bloomberg.com/quote/KREIT:SP
http://www.keppelreit.com/admin/Download...le&file=69

http://www.bloomberg.com/quote/MCT:SP
http://www.msci.com/eqb/gimi/smallcap/MS...icList.pdf

Keppel REIT could be on the verge of MSCI indices inclusion.

The following are personal speculations:

i) following the various local and Australian office asset acquisitions, Keppel REIT's total asset value is slightly ahead of CCT;

ii) Keppel REIT's mkt cap following the latest raising is about S$0.7bn
behing CCT;

iii) With Kep Corp progressively distributing Keppel REIT shares to its own holders, free float of Keppel REIT is comfortably above 50%.

The inclusion into the widely followed MSCI indices is likely to be a question of timing.

Vested
GG
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#23
Temasek sells stake in K-REIT for $125 mil

Singapore state investor Temasek Holdings has sold its entire direct stake in property firm Keppel Reit (K-REIT) for around $125 million, the Business Times reported.

Temasek’s share sale works out to be a stake of 3.74% in the property firm which it had received as part of a dividend distribution from Keppel Corp, the paper said citing sources.
http://www.theedgesingapore.com/the-dail...5-mil.html
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#24
Yesterday's sell down is due to Temasek?

No wonder the volume went up so much. I was wondering what's going on.
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#25
Holding very well at this level. Bottom ?
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#26
Most REITs should have already found their bottom. Keppel Reit is on my watchlist but not vested as my allocation for Reits is already maxed. Holding FCOT for commercial exposure.
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#27
http://www.keppelreit.com/PP-AU-8-Chifle...Sydney.asp

This property will begin to contribute in 4Q or after, thus DPU will be increased accordingly.
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#28
The financing for the 50% A$ 165m Perth project is not revealed yet. Right issue or share placement ?
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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#29
Placement seems like the in thing now, good luck to those vested
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#30
(25-11-2013, 12:24 PM)felixleong Wrote: Placement seems like the in thing now, good luck to those vested

get money before the windows closed. both for REIT IPOs and old REIT rights/placement.

Thats why I feel that 'Asian Blackstone' wannabe is behind the curve on the REIT thing.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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