Ascendas Real Estate Investment Trust : 1Q Fy2021 Business Updates
April 23, 2021 at 03:06 pm IST
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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.
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Agenda
1Q FY2021 Key Highlights
4
Investment Management
6
Capital Management
11
Asset Management
16
Market Outlook
33
Appendix: Portfolio Resilience & Sustainability
36
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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.
CapitaLand Ascendas REIT is a business space and industrial real estate investment trust. The Company owns and manages a diversified portfolio of approximately 229 investment properties in Singapore, Australia, the United States (US) and the United Kingdom (UK)/Europe. The Companyâs segments include Business Space and Life Sciences, Industrial and Data Centres, and Logistics. The Business Space and Life Sciences segment includes properties located in business and science parks, suburban offices, and office properties. Life sciences properties are business spaces with lab-ready specifications. Industrial and Data Centres properties include high-specifications and light industrial properties, as well as flatted factories, and data centers. These properties offer a range of premium to basic facilities to meet the needs of various customers. Logistics properties equipped with high floor loading and floor height. The Company is managed by CapitaLand Ascendas REIT Management Limited.