REITS In Asia
Reported in The Reuters (21/7/2006):
“ REITs in Asia outside Japan generally have lower ratios of debt to assets than their U.S. and Australian counterparts.In the world’s three biggest REIT markets of United States, Australia and Japan, the average debt-to-total assets ratio ranges between 40 percent and 50 percent, Macquarie Bank research shows.
The average interest cover ratio (pre-depreciation profits/financing cost) for REITs in United States. and Australia is 2.8 and 4.1 times, respectively, UBS research shows.
FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four, Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.
Also author to another very popular free educational accounting cum finance blog: http://basiccollegeaccounting.com under the branding of College Accounting Coach.
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