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 listed on the Main Board of the Johannesburg Stock Exchange “JSE”, and is listed and admitted to trading on the Euro-MTF market of the Luxembourg Stock Exchange. There are currently 645,343,798 shares in issue.