Single leverage limit, additional disclosures imposed on all S-Reits: MAS
S-Reit managers will have to disclose their plans to manage Reits’ leverage and ICR levels in their financial and annual reports
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ALL Singapore-listed real estate investment trusts, or S-Reits, will be subject to a minimum interest coverage ratio (ICR) of at least 1.5 times, and an aggregate leverage limit of 50 per cent with immediate effect, in a move to standardise leverage limits across the sector.
They will also need to provide additional disclosures related to their leverages in their interim financial result announcements and annual reports starting from the financial periods ending on or after Mar 31, 2025.
The changes follow a public consultation held by the Monetary Authority of Singapore (MAS) between July and August this year.
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