When undertaking property acquisitions, the Responsible Entity permits the REIT structure to borrow up to a maximum of 60% of a property’s value (including the value of any improvements, capital costs and/or market appreciation) to finance (or refinance) the acquisition, provided that the portfolio’s gearing ratio will not exceed 40% of its fair market value.
The actual carrying amount of debt currently in the Fund changes from time to time.
The latest numbers can be sourced from the periodic financial statements.
