C O N T E N T S
Who We Are
About A-REIT
03
A-REIT Structure
04
A-REIT’s Competitive Edge
05
Board of Directors
06
The A-REIT Team
11
The Property Manager
18
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Significant Events
22
Financial Highlights
24
Chairman’s Message
26
Manager’s Report
32
What We Invest In
A-REIT’s Portfolio
48
Business & Science Parks
52
Hi-Specs Industrial Properties/Data Centres
56
Light Industrial Properties/Flatted Factories
60
Logistics & Distribution Centres
64
Warehouse Retail Facilities
68
Independent Market Study (Singapore)
69
Independent Market Study (Beijing & Shanghai)
74
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Sustainability Report
79
Investor Relations
91
Corporate Governance
95
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Financial Report FY12/13
110
Statistics of Unitholdings
189
Additional Information
191
Glossary
195
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Corporate Directory
197
Any discrepancies in the tables and charts between the listed
figures and total thereof are due to rounding.
Where applicable, figures and percentages are rounded to one
decimal place.
Performance
at a Glance
ASCENDAS REAL ESTATE INVESTMENT TRUST
/&5 1301&35: */$0.& 4 .
FY03/04 FY04/05 FY05/06 FY06/07 FY07/08 FY08/09 FY09/10 FY10/11 FY11/12 FY12/13
50.3
173.6
243.5
296.6
320.0
339.4
368.3
408.8
210.3
96.1
S$408.8M
505"- ".06/5 "7"*-"#-& '03 %*453*#65*0/ 4 .
FY03/04 FY04/05 FY05/06 FY06/07 FY07/08 FY08/09 FY09/10 FY10/11 FY11/12 FY12/13
45.5
142.6
187.3
210.9
234.9
248.0
281.7
305.6
163.8
84.2
S$305.6M