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Financial Highlights Comparable YIELD Returns A-REIT yield for IPO Investors (1) 14.9% FTSE S-REIT Index (2) 6.9% A-REIT yield as at 31 Mar 10 (3) 6.8% FTSE ST Mid Cap Index (2) 3.5% 10 year Government bond (4) 2.9% FTSE Straits Times Index (2) 2.8% CPF (ordinary) account (5) 2.5% Bank fixed deposit (12 months) (4) 0.5% Interbank overnight interest rate (4) 0.2% Bank savings deposits (4) 0.1% Notes: (1) Based on A-REIT’s IPO price of S$0.88 per unit and DPU of 13.10 cents for FY09/10 (2) As at 31 Mar 2010. Source: Bloomberg (3) Based on A-REIT’s closing price of S$1.92 per unit as at 31 Mar 2010 and DPU of 13.10 cents for FY09/10 (4) As at 31 Mar 10. Source: Singapore Government Securities website (5) Based on interest paid on Central Provident Fund (“CPF”) ordinary account from 1 Jan to 31 Mar 10. Source: CPF Website As at 31 Mar 10 As at 31 Mar 09 As at 31 Mar 08 As at 31 Mar 07 As at 31 Mar 06 Total net borrowings (S$’m) 1,515.6 1,588.7 1,559.9 1,183.5 969.8 Total Unitholders’ funds (S$’m) (1) 2,947.0 2,703.0 2,438.0 1,970.0 1,708.4 Market capitalisation (S$’m) (2) 3,592.6 2,053.8 3,154.8 3,158.6 2,663.0 Aggregate leverage (3) 31.6% 35.5% 38.2% 37.3% 36.8% Unit price (2) (S$) 1.92 1.22 2.38 2.39 2.17 Number of Units in issue (m) 1,871.2 1,683.5 1,325.6 1,321.6 1,227.2 Notes: (1) Before adjustment for distributable income not yet distributed (2) Based on respective closing prices on the last trading day of the respective financial year (3) Computed based on aggregate of total borrowings and deferred payments on acquisition of properties as a percentage of total assets. 10 Ascendas real estate investment trust
A-REIT Unit Price Performance FY09/10 FY08/09 FY07/08 FY06/07 FY05/06 Opening Price (S$) 1.23 2.33 2.39 2.17 1.88 Closing Price (S$) 1.92 1.22 2.38 2.39 2.17 High (S$) 2.24 2.72 3.32 2.75 2.38 Low (S$) 1.22 1.02 1.84 1.82 1.78 Trading Volume (million units) 1,697.5 1,211.9 1,363.6 942.9 703.0 A-REIT PERFORMANCE IN FY09/10 Volume traded (‘m) Unit Price (S$) 250 2.5 200 2.0 150 1.5 100 1.0 50 0.5 0 0 Apr 09 May 09 Jun 09 Jul 09 Aug 09 Sep 09 Oct 09 Nov 09 Dec 09 Jan 10 Feb 10 Mar 10 Trading volume (units) Unit price (S$) 8th Annual Report FY09/10 11
Page 1 and 2: 8th Annual Report FY09/10 C H A N G
Page 3 and 4: Changing Times... The implosion of
Page 5 and 6: About A-REIT Ascendas Real Estate I
Page 7 and 8: A-REIT’s Competitive Edge Operati
Page 9 and 10: oct 09 7 19 A-REIT was voted the Wi
Page 11: NUMBER OF PROPERTIES IN PORTFOLIO 9
Page 15 and 16: 8th Annual Report FY09/10 13
Page 17 and 18: capital structure. A-REIT issued a
Page 19 and 20: 董事会主席献辞变迁
Page 21 and 22: 在这个举步维艰的时
Page 23 and 24: Portfolio organic growth of 2.9% wa
Page 25 and 26: was in view of the significant amou
Page 27 and 28: S$’000 FY09/10 FY08/09 FY07/08 FY
Page 29 and 30: Sector Revaluation Gain / (Loss) @
Page 31 and 32: land lease expiry for A-REIT’s po
Page 33 and 34: Area due for renewal (‘000sf) Ave
Page 37 and 38: 5 6 7 8 5 Mr Koh Soo Keong Independ
Page 39 and 40: Tan Ser Ping Executive Director Chi
Page 41 and 42: 13 Kathryn Chew 14 Chan Lai Kuan 15
Page 43 and 44: UNITHOLDERS ASCENDAS FUNDS MANAGEME
Page 45 and 46: formulate and implement effective m
Page 49 and 50: North South MRT Line East West MRT
Page 51 and 52: Hi-Tech Industrial Properties High
Page 53 and 54: LOGISTICS & DISTRIBUTION CENTRES Wa
Page 55 and 56: GROSS RENTAL INCOME BY TENANT’S I
Page 57 and 58: Address Gross Income for FY09/10 (S
Page 59 and 60: GROSS RENTAL INCOME BY TENANT’S I
Page 61 and 62: Address Gross Income for FY09/10 (S
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GROSS RENTAL INCOME BY TENANT’S I
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Address Gross Income for FY09/10 (S
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GROSS RENTAL INCOME BY TENANT’S I
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seen since 2003 1 , significantly h
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user high-specs industrial market i
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to S$1.87 per sq ft, while rents fo
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manufacturers anticipates a more fa
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8th Annual Report FY09/10 83
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the chance to take part in intercom
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A-REIT was voted Singapore’s 8 th
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8th Annual Report FY09/10 89
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A-REIT is externally managed by the
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Executive Committee The Executive C
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Trading Of A-REIT’s Units In gene
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Dealing With INTERESTED Party Trans
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FINANCIAL CONTENTS 100 Report of th
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Statement by the Manager In the opi
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Opinion In our opinion, the financi
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Statement of Total Return Year ende
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Statement of Movements in Unitholde
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Investment Properties Portfolio Sta
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Cash Flow Statement Year ended 31 M
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Notes to the financial statements (
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Notes to the financial statements F
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STATISTICS OF UNITHOLDINGS Issued a
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ADDItional information Interested p
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ADDItional information Historical s
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HOW TO CONTACT US To find out more
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Ascendas Real Estate Investment Tru
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