RNY 0.00% 0.5¢ rny property trust

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  1. 5,414 Posts.
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    My worry, I guess, would be the quarterly covenents tested, at 65% max gearing. And right now they are over 60%.

    So a fall of property values of only a couple of percent (and anyone will expect more falls), will make them hit that covenent for sure.
 
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Currently unlisted public company.

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