Ascendas Real Estate Investment Trust : 3Q FY2020 Business Updates

ASCENDAS REIT

3Q FY2020 Business Updates

26 October 2020

Disclaimers

• This presentation may contain forw ard-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forw ard-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (w ithout limitation) general industry and economic conditions, interest rate trends, cost of capital and capital av ailability, av ailability of real estate properties, competition from other dev elopments or companies, shifts in customer demands, shifts in expected levels of occupancy rate, property rental income, charge out collections, changes in operating expenses (including employee w ages, benefits and training, property operating expenses), gov ernmental and public policy changes and the continued av ailability of financing in the amounts and the terms necessary to support future business.
• You are cautioned not to place undue reliance on these forw ard-looking statements, w hich are based on the current v iew of management regarding future events. No representation or w arranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Neither Ascendas Funds Management (S) Ltd ("Manager") nor any of its affiliates, adv isers or representativ es shall have any liability w hatsoever (in negligence or otherw ise) for any loss how soever arising, w hether directly or indirectly, from any use of, reliance on or distribution of this presentation or its contents or otherw ise arising in connection w ith this presentation.
• The past performance of Ascendas Reit is not indicativ e of future performance. The listing of the units in the Ascendas Reit ("Units") on the Singapore Exchange Securities Trading Limited (the "SGX-ST") does not guarantee a liquid market for the Units. The v alue of the Units and the income deriv ed from them may fall as w ell as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager. An inv estment in the Units is subject to inv estment risks, including the possible loss of the principal amount inv ested. I nvestors hav e no right to request that the Manager redeem or purchase their Units while the Units are listed on the SGX-ST. I t is intended that holders of Units may only deal in their Units through trading on the SGX-ST.
• This presentation is for information only and does not constitute an inv itation or offer to acquire, purchase or subscribe for the Units.

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Agenda

3Q FY2020 Key Highlights	5
Investment Management	6
Capital Management	13
Asset Management	18
COVID-19 Updates	33
Market Outlook	36
Appendix: Portfolio Resilience & Sustainability	39

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3Q FY2020 Key Highlights

ONE@Changi City, Singapore