Keppel REIT's Ocean Financial Centre, in which a stake was sold to Allianz Real Estate in 2018. (Photo: REITsWeek)

Keppel REIT has taken on an SGD127 million revolving credit facility.

The loan facility is guaranteed by RBC Investor Services Trust Singapore Limited, in its capacity as trustee of Keppel REIT.

Keppel REIT’s present gearing was last declared to be at 38.4% with a blended funding cost of about 1.98% according to data compiled on the Singapore REITs table.

The REIT was last done on the Singapore Exchange at SGD1.21, which presently implies a distribution yield of 4.81%

Related: Keppel REIT sees SGD14.6 million fund inflow from institutional investors as offices open up

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.