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A-REIT STRUCTURE
UNITHOLDERS PROPERTIES HSBC INSTITUTIONAL TRUST SERVICES
(SINGAPORE) LIMITED (TRUSTEE)
ASCENDAS GROUP
Stability Growth
Predictable Income Capital Stability
OUTCOME
TOTAL RETURNS
100%
18.1%
100%
ASCENDAS SERVICES
PTE LTD (“ASPL”)
(PROPERTY MANAGER)
(Reports to ASPL Board of Directors)
ASCENDAS FUNDS
MANAGEMENT (S) LIMITED
(A-REIT MANAGER)
(Reports to AFM Board of Directors)
STRATEGIES
CAPITAL & RISK
MANAGEMENT
PROACTIVE
PORTFOLIO
MANAGEMENT
VALUE ADDING
INVESTMENTS
• Equity funding
• Debt funding
• Interest rate risk management
• Foreign exchange risk
management
• Optimise capital structure
• Portfolio positioning and
strategies
• Supervise execution of
asset management
activities
• Yield accretive
acquisitions
• Built-to-suit projects
• Development
Net Property Income
Property Management Servic
es
Investment in A-REIT
Distributions
Management Fees
Acts on behalf of Unitholders
Ownership of Assets
Property Management Fees
Management Services
Responsible for strategy
formulation in relation to Responsible for execution of
Responsible for execution of
Trustee’s Fee
REVENUE MANAGEMENT
Occupancy improvements
Rental rates improvements
EXPENSE MANAGEMENT
Effciency improvements
Cost management
PROPERTY MANAGEMENT
Property maintenance service
Site staff management
CUSTOMER CARE
Customer retention
Customer satisfaction
ASCENDAS REAL ESTATE INVESTMENT TRUST
ANNUAL REPORT FY11/12
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