Ascendas REIT - Annual Report 2021

Property Acquisition/ Completion Date Purchase Price*/ Development Cost (S$ million) Valuation as at 31 December 2021 # (S$ million) Portland, Oregon 180 8300 Creekside ## 11 Dec 19 14.3 14.4 181 8305 Creekside ## 11 Dec 19 5.0 4.7 182 8405 Nimbus ## 11 Dec 19 18.0 16.1 183 8500 Creekside ## 11 Dec 19 20.9 20.3 184 8700-8770 Nimbus 11 Dec 19 7.8 9.9 185 9205 Gemini ## 11 Dec 19 10.2 10.7 186 9405 Gemini ## 11 Dec 19 15.7 14.1 187 Creekside 5 ## 11 Dec 19 13.2 12.7 188 Creekside 6 ## 11 Dec 19 22.5 22.8 189 Greenbrier Court ^ 11 Dec 19 21.2 19.6 190 Parkside 11 Dec 19 32.2 33.8 191 Ridgeview ## 11 Dec 19 20.2 20.7 192 The Atrium 11 Dec 19 41.3 43.3 193 The Commons ## 11 Dec 19 16.4 15.3 194 Waterside 11 Dec 19 29.5 30.0 Total (Business Park Properties, Portland) 288.4 288.4 Raleigh, North Carolina 195 5200 East & West Paramount Parkway 11 Dec 19 105.8 122.6 196 Perimeter One 11 Dec 19 76.8 82.3 197 Perimeter Two ## 11 Dec 19 76.0 73.5 198 Perimeter Three ## 11 Dec 19 82.8 89.6 199 Perimeter Four ## 11 Dec 19 70.3 60.6 Total (Business Park Properties, Raleigh) 411.7 428.6 San Diego, California 200 10020 Pacific Mesa Boulevard 11 Dec 19 169.2 189.5 201 15051 Avenue of Science 11 Dec 19 35.5 35.9 202 15073 Avenue of Science ## 11 Dec 19 26.3 22.7 203 15231, 15253 & 15333 Avenue of Science ## 11 Dec 19 92.0 70.4 204 15378 Avenue of Science ## 11 Dec 19 35.1 29.2 205 15435 & 15445 Innovation Drive ## 11 Dec 19 57.2 50.9 206 5005 & 5010 Wateridge 11 Dec 19 119.0 116.2 207 6055 Lusk Boulevard ## 11 Dec 19 47.3 50.9 Total (Business Park Properties, San Diego) 581.6 565.7 San Francisco, California 208 510 Townsend Street 21 Nov 20 498.6 510.5 209 505 Brannan Street 21 Nov 20 269.4 272.6 Total (Office Properties, San Francisco) 768.0 783.0 Total (Business Park & Office Properties, United States) 2,049.7 2,065.7 Notes: * Purchase Price excludes transaction cost associated with the purchase of the property. # The valuation for these properties were based on Capitalisation Approach, Discounted Cash Flow Analysis and Direct Comparison Method. Based on exchange rate of US$1.0000: S$1.3533 as at 31 December 2021. ## As at 31 December 2021, these properties recorded a depreciation on revaluation against their corresponding US$ values as at 31 December 2020 due to changing market conditions and/or shorter unexpired lease term. + Includes gross rental income, car park income and other income. ^ Property currently decommissioned for major refurbishment work. Properties with LEED certifications. For more details, please refer to www.ascendas-reit.com/en/sustainability/green-buildings.html Business Park & Office Properties U N I T E D S TAT E S Ascendas Reit 104