Download Full Report - Ascendas REIT

Sector
Revaluation
Gain / (Loss) @ 31
Mar 10 (S$’m)
%
Change
Business & Science Parks 2.0 0.1
Hi-Tech Industrial 6.8 0.6
Light Industrial (25.8) (3.0)
Logistics & Distribution Centres (36.9) (3.1)
Warehouse Retail Facilities 0.2 0.1
Total (53.7) (1.1)
Asset Class Diversification
(by Asset Value)
Note:
* Excludes DBS Asia Hub and 31 Joo Koon Circle which were acquired in March 2010
sqm of which Citibank N.A. has
committed to lease 50% of the space.
Stable Portfolio Value
The Manager, required under the
REIT guidelines, has obtained a
new independent valuation, as
of 31 March 2010, for its portfolio
of 91 properties. An average
capitalization rate of 6.8%
was applied by the valuers. A
marginal devaluation of S$53.7m
representing a 1.1% of decline in the
total value of the property portfolio.
As at 31 March 2010, based on
the revalued property values, the
passing NPI yield on the portfolio
was about 7.3%.
Proactive Asset Management:
Extracting Growth; Accreting
Portfolio
Diversified Portfolio with a Well
Balance Lease Tenure
A-REIT has a balanced and
well-diversified portfolio of 93
properties across six sub-sectors
providing real estate solutions to
an array of customers from various
industries. These sub-sectors
comprise, by asset value, Business
& Science Parks (32.9%), Hi-Tech
Industrial (22.2%), Light Industrial
(12.0%), Flatted Factories (5.6%) and
Logistics & Distribution Centres
(24.4%) as well as Warehouse Retail
Facilities (2.9%).
Business & Science Parks 32.9%
Hi-Tech Industrial 22.2%
Light Industrial 12.0%
Flatted Factories 5.6%
Logistics & Distribution
Centres
24.4%
Warehouse Retail Facilities 2.9%
Business &
Science Parks
28.1%
71.9%
Hi-Tech
Industrial
46.0%
Logistics &
Distribution Centres
57.5%
42.5%
Light Industrial
23.2%
54.0%
76.8%
Short Term Leases
Long Term Leases
8th Annual Report FY09/10
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