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of <h1>REITs Can Borrow Up to 49% of Asset Value, Requiring Credit Rating and Approval If Exceeding 25%</h1> The regulation governs borrowing and debt securities for Real Estate Investment Trusts (REITs). It permits listed REITs to issue debt securities, with a maximum consolidated borrowing limit of 49% of asset value. If borrowings exceed 25% of asset value, the REIT must obtain an issuer credit rating and unit holder approval. Market-driven breaches allow a six-month rectification period. Refundable security deposits and investments in overnight mutual funds are excluded from borrowing calculations.
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