ASCENDAS REIT

1Q FY2021 Business Updates

23 April 2021

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 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 of, reliance on or distribution of this presentation or its contents or otherwise arising in connection with this presentation.
  • The past performance of 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.

2

Agenda

1Q FY2021 Key Highlights

4

Investment Management

6

Capital Management

11

Asset Management

16

Market Outlook

33

Appendix: Portfolio Resilience & Sustainability

36

3

1Q FY2021

Key Highlights

The Capricorn, Singapore

1Q FY2021 Key Highlights

Investment Management

  • Acquired 11 data centres across 5 key European cities for S$904.6 m
  • Completed the acquisition of a suburban office at 1-5 Thomas Holt Drive, Sydney, Australia, for S$284.0 m

Capital Management

Asset Management

Healthy Aggregate

High Level of

Portfolio

Portfolio

Leverage

Natural Hedge

Occupancy

Rental Reversion#

38.0%

>70%

90.6%

3.0%

31 Dec 2020: 32.8%

31 Dec 2020: >60%

31 Dec 2020: 91.7%

4Q FY2020: +2.5%

# Percentage change of the average gross rent over the lease period of the renewed leases against the preceding average gross rent from lease start date. Takes into account renewed

5

leases in multi-tenant buildings that were signed in 3Q FY2020 and average gross rents are weighted by area renewed.

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Ascendas Real Estate Investment Trust published this content on 23 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 April 2021 09:35:05 UTC.