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Should A-REITs have high leverage, or low leverage? Describe the optimal capital structure for a generic Australian Real Estate Investment Trust (A-REIT). How does your
Should A-REITs have high leverage, or low leverage? Describe the optimal capital structure for a generic Australian Real Estate Investment Trust (A-REIT). How does your answer change if the A-REIT is a stapled security? Please include discussion of target leverage, maturity, debt security and the influence of common debt covenants.
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