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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)

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

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

Yesterday's sell down is due to Temasek?

No wonder the volume went up so much. I was wondering what's going on.

Holding very well at this level. Bottom ?

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.

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.

The financing for the 50% A$ 165m Perth project is not revealed yet. Right issue or share placement ?

Placement seems like the in thing now, good luck to those vested

(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.