Aggregate Leverage means, as defined under the Property Funds Appendix, the total borrowings and deferred payments of a real estate investment trust, or such other definition as may from time to time be provided for under the Property Funds Appendix;
Aggregate Leverage means the ratio of the value of the borrowings of MNACT (inclusive of MNACT’s proportionate share of borrowings of jointly controlled entities) and deferred payments (if any), to the value of the Deposited Property; and “Deposited Property” means the gross assets of MNACT, including all its authorised investments held or deemed to be held upon the trust under the Trust Deed.
Aggregate Leverage means the ratio of the value of borrowings (inclusive of proportionate share of borrowings of jointly controlled entities) and deferred payments (if any) to the value of the Deposited Property of the CCT Group (inclusive of proportionate share of deposited property of jointly controlled entities)
Examples of Aggregate Leverage in a sentence
Although the Aggregate Leverage of AA REIT is currently in compliance with the requirements of the Property Funds Appendix, there can be no assurance that AA REIT will not be required to make downward revaluations of its properties in the future.
In line with a circular issued by the MAS dated 26 November 2018 on the exclusion of on-balance sheet operating lease liabilities from REITs’ Aggregate Leverage for operating leases entered into before 1 January 2019, AA REIT’s ROU assets and lease liabilities have been excluded from the computation of the Aggregate Leverage.
The Trust shall continue to maintain and disclose a credit rating so long as its Aggregate Leverage exceeds the Primary Permitted Gearing Limit.
The issuance of the Consideration Units would avoid a significant increase in LMIR Trust’s Aggregate Leverage, and provide an allowance to LMIR Trust to remain below the regulatory gearing limit of 35.0%.
Keeping in mind the Aggregate Leverage limit of 35.0% (without a credit rating) as set out in the Property Funds Appendix, the Manager is of the view that the Equity Fund Raising is required to ensure that LMIR Trust maintains a prudent capital structure and gearing level.
More Definitions of Aggregate Leverage
Aggregate Leverage means the ratio of the value of borrowings and deferred payments (if any) to the value of all the assets of H-REIT, including all its “Authorised Investments” (as defined in the H-REIT Trust Deed) for the time being held or deemed to be held upon the trusts under the H-REIT Trust Deed.
Aggregate Leverage means the ratio of the value of total borrowings and deferred payments (including
Aggregate Leverage means the ratio of the value of borrowings (inclusive of proportionate share of borrowings of jointly controlled entities) and deferred payments (if any) to the value of the gross assets of MLT, including all its authorised investments held or deemed to be held upon the trust under the Trust Deed.respectively. These growth rates are approximately three to four times higher than the average GDP growth rate of developed countries.These countries are amongst the fastest growing consumer markets in Asia, with strong growth in consumption expenditure per capita underpinned by favorable demographic profiles. According to the Independent Market Research Consultant1 , 70% of Malaysia’s population is of working age, representing a huge pool of productive workforce to drive economic growth and rising domestic consumption. In Vietnam and China, the middle income population, a segment with strong consumption power, is expected to grow rapidly. In Vietnam, the middle income population is expected to rise from 13% to 26% of the country’s population by 2026, whereas China’s middle class is projected to represent 22% of global consumption in 2030. The growing middle income populations and accompanying rise in household wealth are expected to boost domestic consumption. As of 2018, the average consumption expenditure per capita of Malaysia, Vietnam and China is estimated to be just 14% of the average of developed countries. This suggests significant growth potential in consumption expenditure which is expected to generate higher demand for logistics services to move and store physical goods, and correspondingly greater demand for logistics space.
Aggregate Leverage means the ratio of the value of borrowings (inclusive of proportionate share of borrowings of jointly controlled entities) and deferred payments (if any) to the value of the total assets of the CCT Group, including all its authorised investments held or deemed to be held upon the trust under the trust deed dated 6 February 2004 constituting CCT (as amended), (inclusive of proportionate share of deposited property of jointly controlled entities)
Aggregate Leverage means the ratio of the value of borrowings and deferred payments (if any) to the value of the gross
Aggregate Leverage means the ratio of the value of borrowings and deferred payments (if any) to the value of the gross assets of MLT, including all its authorised investments held or deemed to be held upon the trust under the Trust Deed.
Aggregate Leverage means the ratio of the value of borrowings and deferred payments (if any) to the value of the total assets of FCOT, including all its authorised investments held or deemed to be held by the trust under the Trust Deed.reduced, thereby providing FCOT with greater financial flexibility and debt headroom to allow it to acquire better quality assets and realise the Manager’s strategy to strengthen FCOT’s asset portfolio. The table below sets out the change in Aggregate Leverage upon the utilisation of the estimated Net Sale Proceeds based on certain different scenarios. The pro forma financial effects of the Sale on the Aggregate Leverage of FCOT as at 31 March 2012 are presented in the table below strictly for illustrative purpose only, and were prepared based on the assumption that (i) the acquisition by FCOT of the other 50.0% interest in Caroline Chisholm Centre was completed on 31 March 20121, (ii) the Sale was completed on 31 March 2012 and (iii) the estimated Net Sale Proceeds had been applied towards each of the following scenarios: