REIT Public Bond Covenants 2Q24 Master Cheat Sheet

North America Credit Research 24 September 2024 J P M O R G A N REIT Public Bond Covenants 2Q24 Master Cheat Sheet Our covenant database includes ~$253.5bn in$USD REIT public debt (see subtotals by sector below). Note that, through tenders, the amount outstanding is now ~$3.5bn less than the original face amount issued. Accounting for foreign-denominated debt (converted to$USD), we capture ~$286.1bn of bonds, including nearly$52.0bn maturing over the next two and a half years. In an attempt to simplify t ...