MAS is targeting a long-term aggregate portfolio LTV of 40%. This may fluctuate up to a maximum of 50% on a temporary basis as the portfolio grows. Long-term debt funding is preferred and interest rates are managed through the group’s hedging strategy. Developments are generally funded through equity and refinanced at completion.
MAS is dual listed on the Main Board of the JSE and the Euro-MTF market of the Luxembourg Stock Exchange. There are currently 646,765,786 shares in issue.