4% of the total capitalization
of all existing firms.
With this acquisition, the total capitalization
of Insignia's portfolio is approximately $4.
With REIT share prices dropping, debt to total capitalization
has significantly increased, putting pressure even on the availability of debt.
In January, 1993, CIGNA issued an additional $200 million of senior notes, which if included in the 1992 year-end results would have resulted in a debt to total capitalization
ratio of 21.
This latest transaction adds to an existing Winthrop portfolio that represents over $6 billion in total capitalization
, and with over 2,500 employees, makes Winthrop Financial Associates one of the nation's largest real estate investment and management corporations.
On a pro forma basis, the debt issuance will increase SDG&E's total debt to total capitalization
ratio to 48% from 43%, and total debt to cash flow from operations to 3.
The index currently covers over 11,000 securities with a total capitalization
of more than USD 40 trillion.
Pro-forma for year-end 2004, total debt to total capitalization
drops from 48% to 46%.
The transactions also increase the proportion of secured debt relative to the total capitalization
, weakening the position of the senior unsecured noteholders.
At our most recent year end, January 30, 2005, outstanding debt was $31 million, or 19% of total capitalization
After this transaction, LMHC's total debt to total capitalization
is expected to remain below 25%.