CAPITAL MANAGEMENT (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure of objectives, policies and processes for managing capital [abstract]

Schedule of total managed capital structure of the Trust

The Trust’s capital structure comprises the total of the stapled unitholders’ equity and debt. The total managed capital of the Trust is summarized below:

As at December 31,	2023		2022
Unsecured debentures, net	$	1,892,236	$	1,893,186
Unsecured term loans, net	1,173,746		1,090,451
Derivative (assets) liabilities, net(1)	(100,813)		(138,388)
Secured debt	—		51,373
Total debt	2,965,169		2,896,622
Stapled unitholders’ equity	5,276,951		5,475,375
Total managed capital	$	8,242,120	$	8,371,997

(1)     Balance represents derivative (assets) net of derivative liabilities (note 8(c)).