Basic Profile & Key Statistics
Ascendas REIT (AREIT) is a diversified REIT that invests in Business Park, Industrial, Logistics and Integrated Development Amenities and Retail (IDAR) properties. AREIT currently owns 200 properties across Singapore, U.S., Australia and England.
Performance Review
Gross revenue and NPI increased YoY by 2.5% and 7.8% mainly due to contributions from U.S. properties as well as 254 Wellington Road. Distributable income increased by 9.9% YoY but DPU decreased by 0.9% due to enlarged unitholders base.
4Q rental reversion at +2.5% while FY20 rental reversion at +3.8%. IDAR and U.S. business parks achieved double-digit positive rental reversion.
AREIT has just completed 1-5 Thomas Holt Drive in January 2021. There are 3 proposed acquisitions of properties that are under development to be completed in between 2H 2021 and Mid 2022.
There are development and AEI which 4 are expected to complete by 2021....