CAPEX, or capital expenditures, refer to costs incurred to acquire, maintain or upgrade assets such as properties and machineries.

These include property rectifications, lifts and escalators maintenance, and building acquisitions.

In the context of REITs and real estate investments, CAPEX can also refer to costs incurred as a result of asset enhancement initiatives (AEIs) to repurpose or refurbish a building so that it can accommodate a better mix of tenants.

This entry is part of REITsWeek's glossary of REITs and real estate investment terms.



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