MAS proposes simplified leverage requirements for Singapore REITs with a 1.5x ICR and 50% aggregate limit.
The Monetary Authority of Singapore (MAS) has proposed simplified leverage requirements for all real estate investment trusts (REITs). The new rules would require all Singapore REITs (S-REITs) to maintain a minimum interest coverage ratio (ICR) of 1.5 times and an aggregate leverage limit of 50%. These changes aim to clarify and consolidate existing requirements, and ensure that REITs can meet their interest payments.
July 24, 2024
6 Articles