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 211 properties across Singapore, U.S., Australia, England and Netherlands.
Performance Highlight
Gross revenue, NPI, distributable income and DPU increased YoY mainly due to the contributions from Europe/U.K. data centres (acquired in March 2021), Australian properties (acquired in Sep 2020 and Jan 2021) and U.S. properties (acquired in Nov 2020).
2Q and 1Q rental reversion are at 8.9% and 3% respectively. Both are mainly contributed by U.S. properties.
In 1H 2021, AREIT has completed the acquisition of business space in Australia, 11 data centres in Europe/U.K. and the remaining 75% interest in Galaxis. AEI for 21 Changi South Avenue 2, 100 & 108 Whickham Street has been completed in April. In 2Q, AREIT has divested 1314 Ferntree Gully Road and 11 Changi North Way above valuation....