A-REIT’S COMPETITIVE EDGE
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.
MARKET LEADER
A-REIT is focused on suburban business space and industrial
properties. It has a committed sponsor, the Ascendas-
Singbridge Group, which has a proven track record of more
than 30 years of experience in this industry. The Ascendas-
Singbridge Group is Asia’s leading provider of sustainable
urban solutions and is jointly owned by Temasek and JTC
Corporation through a 51:49 partnership.
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 133 properties valued at around S$9.7
billion as at 31 March 2016.
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 proactive
asset management, disciplined value-adding investment
and prudent capital and risk management. Through
this, the Manager seeks to create a competitive edge
to differentiate A-REIT and to enhance stability and
sustainability within the portfolio.
Refer to page 7 for more information on A-REIT’s three-pronged strategy.
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 2016, A-REIT has
completed 14 development projects, achieving a total
revaluation gain of about S$311.4 million or 30.3% over
the total development cost, demonstrating the Manager’s
ability to achieve value-adding investments for the portfolio
through its development capabilities.
Refer to page 223 for more information on A-REIT’s development projects.
OPERATIONS PLATFORM
Ascendas Services Pte Ltd (ASPL), the property manager
in Singapore, 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.
Refer to page 28 for more information on A-REIT’s property manager.
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, Australia and China through the provision of
quality business space.
SIZE ADVANTAGE
A-REIT accounted for 9.1% of the market capitalisation
of the S-REIT sector as at 31 March 2016. In FY15/16, it
accounted for about 12.3% 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.
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A-REIT ANNUAL REPORT
2015/2016
