Diversity and Depth
A-REIT is the largest business space and industrial
REIT in Singapore with a portfolio diversified
across five major segments of the business
space and industrial property market. As a result
of its disciplined investment strategy, A-REIT
owns a portfolio of well-located properties
with specifications that cater to the diverse and
intricate real estate needs of its existing and
prospective customers.
Stability and Sustainability
Our mission is to deliver predictable distributions
and achieve long-term capital stability for
Unitholders. This is achieved through a three-
pronged strategy of prudent capital and risk
management, disciplined value-adding investment
and proactive asset management. Through this,
the Manager seeks to create a competitive edge
to differentiate A-REIT and to enhance stability
and sustainability within the portfolio.
Market Leader
A-REIT is focused on suburban business space and
industrial properties. It has a committed Sponsor,
the Ascendas Group, which has a proven track
record of more than 30 years of experience in
this industry. A-REIT has established itself as the
market leader in most of the segments that it
operates in since its listing in 2002, growing from
eight properties valued at around S$600 million
in 2002 to 107 properties valued at around
S$7.9 billion as at 31 March 2015.
Operations Platform
Ascendas Services Pte Ltd (“ASPL”), our property
manager (refer to page 28), has a dedicated sales/
marketing, leasing and property management
team of over 100 people, all of whom possess in-
depth understanding of this property sector and
customers’ needs.
Development Capabilities
A-REIT is the first Singapore REIT (“S-REIT”) to
undertake development projects on its own
balance sheet in 2006, enabling Unitholders
to enjoy the benefits of potential development
upsides. As at 31 March 2015, A-REIT has
completed 12 development projects, achieving a
total revaluation gain of about S$338.4 million
or 34.3% over the total development cost,
demonstrating the Manager’s ability to achieve
value-adding investments for the portfolio
through its development capabilities.
Customer Focus
We have a track record of customers growing
with us and have consistently maintained a high
customer retention ratio when leases are due
for renewal. With proactive asset management
and leasing strategy, A-REIT is looking forward
to serve its tenants in their spatial needs in
Singapore and China through the provision of
quality business space.
Size Advantage
A-REIT accounted for 8.7% of the market
capitalisation of the S-REIT sector as at 31 March
2015. In FY14/15, it accounted for about 9.4% of
the trading volume for S-REITs on the Singapore
Exchange Securities Trading Limited (“SGX-
ST”), making it one of the most liquid REITs in
the Singapore market. A-REIT is one of the 30
constituents of the FTSE Straits Times Index and
is also included in over 30 major indices including
MSCI Singapore Index, FTSE ST All-Share Index,
S&P Asia Property 40 index as well as WisdomTree
Global ex-US Real Estate Index.
A-R E I T ’ S C OM P E T I T I V E E D G E
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