In this series, we will feature one Singapore-listed company each time as a quick guide to everything you should know about it in 60 seconds.
In this instalment, we have Ascendas Real Estate Investment Trust (SGX: A17U). Previously, we featured Singapore Telecommunications Limited (SGX: Z74), Singapore’s largest telco.
What’s Ascendas REIT’s Business About?Ascendas REIT prides itself in being Singapore’s first and largest listed business space and industrial real estate investment trust (REIT). Currently, Ascendas REIT is the largest REIT in Singapore in terms of market capitalisation.
As of 30 September 2019, Ascendas REIT’s portfolio value stood at S$11.1 billion, consisting of 97 properties in Singapore, 35 in Australia, and 38 in the United Kingdom.
The REIT’s portfolio includes business and science parks, suburban office properties, and high-specification industrial properties, among others.
Ascendas REIT is managed by Ascendas Funds Management (S) Limited, a wholly-owned subsidiary of CapitaLand Limited (SGX: C31), one
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