Summary
Ascendas Real Estate Investment Trust (Ascendas Reit) is Singapore's first and largest listed business space and industrial real estate investment trust. It was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) in November 2002. As at 31 December 2020, Ascendas Reit's investment properties under management stood at S$13.7 billion. The portfolio comprises 200 properties across the developed markets of Singapore, Australia, the United Kingdom and the United States. Ascendas Reit's portfolio includes business and science parks, suburban office properties, high-specifications industrial properties, light industrial properties, logistics and distribution centres, and integrated developments, amenities and retail properties. These properties house a tenant base of more than 1,450 international and local companies from a wide range of industries and activities, including research and development, life sciences, information technology, engineering, light manufacturing, logistics service providers, electronics, telecommunications, manufacturing services and back-room office support in service industries. Major tenants include Singtel, Stripe, DSO National Laboratories, Pinterest, DBS, CareFusion, Wesfarmers, Citibank and JPMorgan. Ascendas Reit is listed in several indices. These include the FTSE Straits Times Index, the Morgan Stanley Capital International, Inc (MSCI) Index, the European Public Real Estate Association/National Association of Real Estate Investment Trusts (EPRA/NAREIT) Global Real Estate Index and Global Property Research (GPR) Asia 250. Ascendas Reit has an issuer rating of ?A3' by Moody's Investors Service. Ascendas Reit is managed by Ascendas Funds Management (S) Limited, a wholly owned subsidiary of Singapore-listed CapitaLand Limited, one of Asia's largest diversified real estate groups.
History
Ascendas REIT was first established in 2002 as the first business space and industrial REIT in Asia. The listing was done in November 2002 on the SGX. After acknowledging a long-term yield of steady returns of 8%-9%, considerable growth was made in the subsequent years. By 2016, Ascendas REIT had increased its portfolio size to more than 120 properties located primarily in Singapore, Australia, the United Kingdom and India. The REIT had also risen to become one of the largest REITs in Asia.
Mission
Our mission is to create and manage a diversified real estate portfolio that delivers sustainable returns and economic growth.
Vision
We will be the leading real estate investment trust manager in Asia-Pacific, offering innovative, high-quality and cost-effective real estate solutions. We will offer superior portfolio performance, philanthropy and use of technology to help clients and our investments achieve long-term success.
Key Team
Ms. Kit Peng Yeow (Head of Capital Markets & Investor Relations of Ascendas Funds Management (S) Limited)
Ms. Wylyn Liu (Mang. of Corp. & Marketing Communications)
Ms. Michelle Lee (Managing Director of Europe, Investment & Portfolio Management)
Mr. Chat Shen Goh C.F.A., CFA (Head of Portfolio Management)
Mr. Wei Seng Hon LLB (Company Sec. of Ascendas Funds Management (S) Limited)
Ms. Chai Ping Koh (Company Sec. of Ascendas Funds Management (s) Limited)
Mr. Paul Toussaint (Managing Director of Capitaland Australia)
Recognition and Awards
Ascendas REIT has been recognised by numerous esteemed awards, including the Risk Management Deal of the Year from The Asset Triple A Transaction Awards, Investment Management Firm of the Year by Corporate Livewire, and the Singapore Corporate Awards’ “Outstanding Corporate Governance for Singapore Real Estate Investment Trusts”. It has also been recognised as the “Best Overall Property Investment Trust ” from Institutional Investor.
References
Singapore 