Keppel REIT (SGX:K71U) issued 26.6 million units at SG$0.8507 each to its manager, Keppel REIT Management, as payment for management fees, according to a Friday filing on the Singapore Exchange.
The issuance, covering base and performance fees for 2024, increased the manager's stake to 4.8%, representing 186.9 million units. The total number of Keppel REIT units now stands at 3.87 billion.
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