ASCENDAS REIT

Citi Asia-Pacific Property Conference 2020

23 June 2020

Disclaimers

  • • This presentation may contain forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other developments 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 wages, benefits and training, property operating expenses), governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business.

  • • You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management regarding future events. No representation or warranty expressed 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, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising, whether directly or indirectly, from any use, reliance or distribution of this presentation or its contents or otherwise arising in connection with this presentation.

  • • The past performance of Ascendas Real Estate Investment Trust ("Ascendas Reit") is not indicative 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 value of the Units and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager. An investment in the Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request that the Manager redeem or purchase their Units while the Units are listed on the SGX-ST. It 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 invitation or offer to acquire, purchase or subscribe for the Units.

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Overview of Ascendas Reit

S$m

  • ▪ First and largest business space and industrial REIT listed on the Singapore Exchange

  • ▪ Largest Singapore Industrial Reit by AUM and Market Capitalisation

  • ▪ A constituent of many indices such as MSCI, FTSE, EPRA/NAREIT, Straits Times Index

Assets Under Management (As at 31 Mar 2020)

14,000

12,000

10,000

8,000

6,000

4,000

2,000

0

SabanaREIT 972

ARALogosLogisticsTrust 1,359

SoilbuildBusinessSpaceREIT 1,391

AIMSAMPCapitalREIT 1,649

ECWorldREIT 1,804

AscendasIndiaTrust 2,577

KeppelDCREIT 2,928

ESRREIT 3,250

CromwellEuropeanReit 3,405

FrasersLogistics&CommercialTrust 3,663

MapletreeIndustrial 5,188

MapletreeLogisticsTrust 9,051

AscendasREIT 13,864

EliteCommercialReit 300

IREITGlobal 961

PrimeUSREIT 1,744

KeppelKBSUSReit 1,749

ManulifeUSREIT 2,913

OUECommercialREIT 6,913

KeppelREIT 7,437

SuntecREIT 10,032

CapitaCommercialTrust 10,133

BHGRetailREIT 958

LendleaseGlobalCommercialREIT 1,465

SassuerREIT 1,763

LippoMallsIndoREIT 1,878

DasinRetailTrust 1,960

StarhillGlobalREIT 3,159

FrasersCentrepointTrust 3,716

CapitaRetailChinaTrust 3,806

SPHREIT 3,948

MapletreeNorthAsiaCommercial

8,587 9,007

Trust

MapletreeCommercialTrust

11,730

CapitaLandMallTrust

ARAUSHospitalityTrust 1,020

EagleHospitalityTrust 1,832

FrasersHospitalityTrust 2,452

CDLHospitalityTrust 3,061

FarEastHospitalityTrust 2,700

AscottResidenceTrust 7,423

FirstREIT 1,427

ParkwayLife 2,045

Industrial

Commercial

Retail

HospitalityHealthcare & Others

Ave: S$3.9b

Ave: S$4.7b

Ave: S$4.3b

Ave: S$3.1b

Ave: S$1.7b

Source: Bloomberg

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  • ▪ Ascendas Reit is the largest Singapore industrial REIT by AUM and market capitalisation

  • ▪ Its business space and industrial properties are located across 4 developed markets - Singapore, Australia, the United Kingdom (UK) and the United States (US)

As at 31 March 2020

Investment Properties

~ S$13 b

Market Capitalisation

As at 31 March 2020

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Disclaimer

Ascendas Real Estate Investment Trust published this content on 22 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 June 2020 09:31:04 UTC