Chart of the Day: Which REITs have the highest leverage?

There'll be trouble once new rules roll in.

This chart by BNP Paribas shows the listed REITs with the highest leverage. These REITs could be at risk once the Monetary Authority of Singapore (MAS) implements its new leverage limit of 45%.

Industrial REIT Viva Industrial Trust has the highest gearing with a ratio of 43.4%, followed by office-focused Keppel REIT with a gearing of 42.4%.

OUE Hospitality Trust is the third most-leveraged REIT with a gearing ratio of 42.1, followed by Ascott Residence Trust with a gearing level of 40.5%.

At the other end of the spectrum, the REITs with the lowest gearing ratio are SPH REIT, Frasers Centrepoint Trust, CapitaLand Retail China Trust, CapitaLand Commercial Trust and Mapletree Industrial Trust.

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