A-R E I T ’ S S T R U C T U R E
UNITHOLDERS
HSBC INSTITUTIONAL TRUST
SERVICES (SINGAPORE)
LIMITED (TRUSTEE)
PROPERTIES/PROPERTY-
HOLDING COMPANIES
(1)
ASCENDAS SERVICES
PTE LTD (“ASPL”)
(1)
(Reports to ASPL Board of Directors)
ASCENDAS FUNDS
MANAGEMENT (S) LIMITED
(A-REIT MANAGER)
(Reports to AFM Board of Directors)
Trustee’s Fees
Acts on behalf of Unitholders
Net Property Income
Ownership of Assets
Distributions
Investment in A-REIT
Management Fees
Management Services
ASCENDAS
GROUP
17.24%
100%
100%
Property Management Fees
Property Management Services
Responsible for strategy
formulation in relation to
Responsible
for execution of
TOTAL RETURNS
OUTCOME
STABILITY
PREDICTABLE INCOME
GROWTH
CAPITAL STABILITY
Execution of strategies & plans
STRATEGIES
VALUE-ADDING
INVESTMENT
Yield accretive acquisitions
Built-to-suit projects
Developments
CAPITAL & RISK
MANAGEMENT
Equity funding
Debt funding
Interest rate risk
management
Foreign exchange risk
management
Optimise capital structure
PORTFOLIO
MANAGEMENT
Portfolio positioning and
strategies
Supervise execution
of asset management
activities
Customer retention and
statisfaction
Occupancy improvements
Rental rates improvements
MARKETING AND
LEASING
PROPERTY
MANAGEMENT AND
SERVICES
COST MANAGEMENT
PROJECT
MANAGEMENT
(1) A-REIT’s two properties located in China are held through wholly owned subsidiaries of A-REIT and are managed by property managers other than ASPL under separate
property management agreements.
ASCENDAS REAL ESTATE INVESTMENT TRUST ANNUAL REPORT 2014/15
