Jones Lang LaSalle Income Property Trust, Inc. | |||||
NASAA REIT Guidelines Quarterly Reporting | |||||
September 30, 2015 | |||||
($ in thousands) | |||||
2%/25% Guideline | |||||
Total Operating Expenses must be less than the greater of 2% of Average Invested Assets or 25% of Net Income. Underlined terms as defined by NASAA REIT Guidelines. | |||||
Greater of: | |||||
2% of Average Invested Assets | $ | 18,894 | |||
25% of Net Income | $ | 7,619 | |||
Operating Expenses | |||||
Q4 2014 | 2,285 | ||||
Q1 2015 | 2,325 | ||||
Q2 2015 | 2,475 | ||||
Q3 2015 | 3,680 | ||||
Total | $ | 10,765 | |||
Operating expenses over/(under) limit | $ | (8,129 | ) | ||
Leverage | |||||
Maximum borrowings shall not exceed 300% of net assets. | |||||
Total Borrowings | $ | 411,623 | |||
Total Net Assets | $ | 802,834 | |||
Percentage | 51 | % | |||