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Westfield (ASX:WDC) Allowance For Loans And Lease Losses


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What is Westfield Allowance For Loans And Lease Losses?

Allowance For Loans And Lease Losses only applies to banks.


Westfield (ASX:WDC) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Westfield Corp (ASX:WDC) » Definitions » Allowance For Loans And Lease Losses
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Westfield is one of the largest global retail REITs, with interests in 35 malls with a gross value of USD 21.4 billion and external assets under management of USD 13 billion. Westfield's passive investments generate about 80% of group EBIT, with the balance derived from management fees and development income. It differs from peers by developing malls in signature locations, and aims to make each of its assets into a destination centre, with comprehensive entertainment facilities and premium retailers.