A-REIT’S STRUCTURE
HSBC INSTITUTIONAL TRUST
SERVICES (SINGAPORE)
LIMITED (TRUSTEE)
PROPERTIES/PROPERTY-
HOLDING COMPANIES
(1)
UNITHOLDERS
Trustee’s Fees
Acts on behalf of
Unitholders
Investment in A-REIT
Management Fees
Net Property Income
Property Management
Services
Property Management Fees
Distributions
Management Services
Ownership of Assets
ASCENDAS FUNDS
MANAGEMENT (S) LIMITED
(A-REIT MANAGER)
(Reports to AFM Board of Directors)
ASCENDAS SERVICES
PTE LTD (ASPL)
(1)
(Reports to ASPL Board of Directors)
100%
100%
20%
Responsible for strategy
formulation in relation to
Responsible for execution of
(1) A-REIT’s properties located outside of Singapore are held through wholly owned subsidiaries and sub-trusts of A-REIT and are managed by property
managers other than ASPL under separate property management agreements.
STRATEGIES
Execution of strategies & plans
STABILITY
OUTCOME
MARKETING AND
LEASING
PROPERTY
MANAGEMENT AND
SERVICES
COST MANAGEMENT
PROJECT
MANAGEMENT
GROWTH
PREDICTABLE INCOME
TOTAL RETURNS
CAPITAL STABILITY
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
VALUE-ADDING
INVESTMENT
Yield accretive acquisitions
Built-to-suit projects
Developments
.6
A-REIT ANNUAL REPORT
2015/2016
