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 221 properties across Singapore, U.S., Australia, England and Netherlands.
Performance Highlight
Gross revenue, NPI and DI improved YoY due to contribution from completion of properties acquisitions since Sep 2020. DPU has also improved as a result albeit smaller % due to enlarged unitholders base.
Rental Reversion
Rental reversion is +4.5% for FY2021 where business spaces in U.S. have the highest figure.
Completed Acquisition/Developments/AEI
In 2H 2021, AREIT has acquired 11 logistics properties, completed the development of Grab HQ as well as AEI for Hansapoint.
On-Going Development & AEI
Development for Lot 7 has been delayed from 4Q 2021 to 1Q 2022 while 500 Green Road was completed on 14 Feb 2022. MQX4 is expected to complete by 4Q 2022. As for redevelopments, 1 Science Park Drive and iQuest are expected to complete by 2Q 2025...