1, 1A and 1B Science Park Drive, Singapore
CapitaLand Ascendas REIT
21 November 2025
The Shugart, Singapore
Agenda 04Overview
13Key Highlights
16Investment Management
24Capital Management
29Asset Management
43Market Outlook
50Portfolio Resilience & Sustainability
58Appendix
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 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 CapitaLand Ascendas REIT Management Limited ("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 of, reliance on or distribution of this presentation or its contents or otherwise arising in connection with this presentation.
The past performance of CapitaLand Ascendas REIT ("CLAR") is not indicative of future performance. The listing of the units in the CapitaLand 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.
Capita Land Ascendas REIT 3
OUE REIT
Diversified
'Stoneweg European REIT CapitaLand China Trust
Lendlease Global Commercial REIT
887
1,292
1,375
1,541
S$m
Frasers Logistics & Commercial Trust | 3,589 | |||
Suntec REIT | 3,766 | |||
Mapletree Pan Asia Commercial Trust | 7,543 | |||
CapitaLand Integrated Commercial Trust | 17,423 | |||
Daiwa House Logistics Trust | 406 | |||
Sabana REIT | 501 |
Industrial
Capita Land Ascendas REIT
AIMS APAC REIT
CapitaLand India Trust ESR-LOGOS REIT
Mapletree Logistics Trust CapitaLand Ascendas REIT
Data Centre
Digital Core REIT NTT DC REIT
Keppel DC REIT Mapletree Industrial Trust LippoMalls Indo REIT BHG Retail REIT
Retail
United Hampshire US Reit
Sasseur REIT Starhill Global REIT
1,111
1,625
2,250
799
1,328
115
229
386
857
1,307
Source: Bloomberg, latest available company financial statements
6,367
5,394
6,076
12,858
Frasers Centrepoint Trust Manulife US REIT
Commercial
Keppel Pacific Oak US REIT
Prime US REIT
Elite Commercial Reit
IREIT Global Keppel REIT
Acrophyte Hospitality Trust
S-REITs Ranked by Industry and Size Market Capitalisation (As at 30 Sep 2025)174
310
332
372
383
194
4,708
3,929
Hospitality
Healthcare
CDL Hospitality Trust Far East Hospitality Trust Frasers Hospitality Trust CapitaLand Ascott Trust
4
First REIT Parkway Life
1,021
1,240
1,368
3,557
601
2,688
Over 20 Years of Par Excellence 2019 2021
Entry into Europe
2025Geographically diversified, multi-asset portfolio
2002Initial Public Offering
AUM S$0.6B
8 properties Business Space and
2015Entry into Australia
Acquired 26 logistics properties for S$1.0B
2018Entry into the UK
Acquired 38 logistics properties for S$0.8B
Entry into the US
Acquired 28 business
space properties
for S$1.3B
Acquired
11 data centres in the UK, the Netherlands, France and Switzerland
for S$0.9B
AUM
S$17.7B
228 properties Business Space & Life Sciences, Industrial & Data Centres and Logistics
Industrial As at 30 Sep 2025
SG-ONLY REIT
S SG-FOCUSED REIT + INTERNATIONAL EXPOSURE
CapitaLand Ascendas REITA global REIT anchored in Singapore, with a multi-asset portfolio in developed markets that caters to a diverse mix of industries.
~ S$18B
Investment Properties
Market Capitalisation
~ S$13B
United States
Singapore
United Kingdom /
Europe
Australia
As at 30 Sep 2025
Diversified Portfolio Across Developed Markets67% Singapore
11% United States
Asset Value
S$17.7B112% Australia
10% United Kingdom/Europe
Investment Properties stood at S$17.7 billion1
as at 30 Sep 2025
Singapore: S$11.9 billion
United States: S$2.0 billion
Australia: S$2.1 billion
United Kingdom/Europe: S$1.7 billion
Note: Any discrepancies in the chart between the listed figures and totals thereof are due to rounding. Where applicable, figures and percentages are rounded to one decimal place.
1. Comprises 228 properties, which excludes one property in Singapore, one property in the UK and one property in the US which are under development. Multi-tenant buildings account for 70.7% of CapitaLand Ascendas REIT's total investment properties
(by asset value) as at 30 Sep 2025.
Multi-Asset PortfolioSteering Towards Growth Sectors
44%, Business Space and Life Sciences
Business Space 36%
26%, Logistics
Logistics
26%
Asset value
S$17.7B130%, Industrial and Data Centres
Data Centres 11%
Life Sciences 8%
Industrial 19%
Steering our portfolio towards segments that cater to the changing market and tenant requirements arising from structural trends and changing consumption patterns such as digitalisation and e-commerce.
Business Space and Life Sciences2: S$7.8 billion
Logistics3: S$4.6 billion
Industrial and Data Centres4: S$5.3 billion
Note: Any discrepancies in the chart between the listed figures and totals thereof are due to rounding. Where applicable, figures and percentages are rounded to one decimal place.
Comprises 228 properties, which excludes one property in Singapore, one property in the UK and one property in the US which are under development. Multi-tenant buildings account for 70.7% of CapitaLand Ascendas REIT's total
investment properties (by asset value) as at 30 Sep 2025.
Business Space and Life Sciences properties are in Singapore (32%), the US (9%) and Australia (3%).
Logistics properties are in Singapore (10%), Australia (8%), the UK (5%) and the US (3%).
Data Centres are in Singapore (6%) and the UK/Europe (5%).
Singapore: 98 properties
Breakdown by Asset Class
Properties are well-located along major expressways, airport, seaport and proximity to MRT stations
Life Sciences 11%
Logistics 15%
Business Space 37%
Investment Properties
S$11.9B*
Industrial 28%
Data Centres 8%
As at 30 Sep 2025
* Excludes one property which is under redevelopment.
Green Buildings
(BCA Green Mark Certifications
as at 31 December 2024)
Business Space and Life Sciences (1,004,663 sqm)
Industrial and Data Centres (1,330,981 sqm) Logistics (909,947 sqm)
Note: Refers to Gross Floor Area
United States: 49 Properties
Chicago, 132,344 sqm
Illinois
7 Logistics properties
29 Business Space & Life Sciences, 20 Logistics
Breakdown by Geography
San Francisco
25%
Kansas City 9%
Chicago
Raleigh 14%
Investment Properties S$2.0B*
7%
Indianapolis 7%
Portland 9%
San Diego 29%
Indianapolis, 91,012 sqm Indiana
1 Logistics property
Breakdown by Asset Class
Life Sciences 7%
Logistics 23%
Investment Properties S$2.0B*
Business Space 70%
San Francisco, California 41,372 sqm
2 Business Space properties
San Diego, California 97,825 sqm
7 Business Space properties
1 Life Sciences property
Charleston, South Carolina Under development
1 Logistics property
Raleigh, North Carolina 112,379 sqm
5 Business Space properties
As at 30 Sep 2025
* Excludes one property which is under development.
Note: Refers to Gross Floor Area
Kansas City, Kansas / Missouri 11 Logistics properties
200,907 sqm
Portland, Oregon
92,591 sqm
14 Business Space properties
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CapitaLand Ascendas REIT published this content on November 20, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on November 20, 2025 at 10:27 UTC.
