is there something we are not being told, page-18

so why would they need to raise capital when have cash flow coming in all the time...only need to raise capital if developers as well, eg GPT/Mirvac or if have covenants and valuation falls through the floor.

MCW...

"The Trust reconfirms it has no group level covenants on its bank debt facilities other than a
‘Minimum Net Tangible Assets’ covenant for one facility which is currently set at A$1.8 billion
and LVR covenants on six property specific facilities. Using restated balance sheet figures at
30 September 2008, the current net assets of the Trust are A$2.6 billion."

Won't need to raise capital and neither will other tradional type REITs...ie own buildings, collect rent and pay divs