Typically our funds have debt policies which restrict borrowing to LTVs of
c. 60%
and below.

Maintaining Sustainable Debt

7.56
Senior Debt
(as multiple)

Combined outstanding Senior Debt: 42 million

Senior Debt LTV: 43.9%

Senior Debt (as a multiple of the Portfolio rent): 7.54

42,280,000
Combined
Senior Debt

Senior Debt Service Cover Ratio (DSCR): 3.24

Senior Debt Interest Cover Ratio (ICR): 7.28

Combined Senior Debt amortisation: 42,280,000

Our investment strategies are designed to maximise the fund’s operational control of the Centres they own. Conservative debt planning is a core constituent of these strategies and typically our funds have debt policies which restrict borrowing to LTVs of c. 50% and below. Low LTVs also provide operational flexibility, low finance costs access to a large number of lenders and market visibility (the “Sustainable Debt”).
Benefits of Sustainable Debt policies also include:
  • low amortisation obligations
  • greater choice of hedging strategies
  • covenant light loan contracts
  • manageable loan refinance planning
  • provides vendors with transaction security