Ascendas REIT - Annual Report 2021

Significant Events JANUARY 2021 13th • Completed the acquisition of 1-5 Thomas Holt Drive in Sydney, Australia for S$284.0 million. FEBRUARY 2021 2nd • Announced results for the financial year ended 31 December 2020: On a comparative basis, net property income grew by 9.4% y-o-y. DPU declined by 6.1% y-o-y to 14.688 Singapore cents, partially due to the impact of COVID-19. 19th • Completed the land acquisition for a suburban office building (MQX4) to be developed at 1 Giffnock Avenue, Macquarie Park, Sydney, Australia for S$161.0 million. The development is expected to complete in 4Q 2022. MARCH 2021 17th • Completed the acquisition of a portfolio of 11 Data Centres in Europe for S$904.6 million, comprising of four data centres in the UK, three data centres in The Netherlands, three data centres in France and one data centre in Switzerland. APRIL 2021 16th • Completed the divestment of 11 Changi North Way, a logistics property in Singapore for S$16.0 million. 23rd • Announced First Quarter FY2021 Business Update. Achieved healthy portfolio occupancy of 90.6% and positive portfolio rent reversion of 3.0% year- to-date. 29th • Ascendas Reit’s Annual General Meeting was held virtually and all resolutions were approved by Unitholders. MAY 2021 4th • Launched a private placement that was ~2.6 times covered. Approximately S$420 million was raised to partially fund the acquisition of the remaining 75% interest in Galaxis, located in Singapore, and for debt repayment. 12th • Entered into its inaugural US$150 million Green Interest Rate Swap to hedge an existing US$150 million green loan. JUNE 2021 16th • Unitholders voted in exceeding support at the Extraordinary General Meeting, which was held for the proposed acquisition of the remaining 75% interest in Galaxis. 21st • Completed the divestment of 1314 Ferntree Gully Road, a logistics property in Melbourne, Australia for S$24.2 million. 30th • Completed the acquisition of the remaining 75% interest in Galaxis, for S$534.4 million. JULY 2021 9th • Completed the divestment of 82 Noosa Street and 62 Stradbroke Street, two logistics properties in Brisbane, Australia for S$104.5 million. 30th • Completed and handed over Grab Headquarters, a built-to-suit business park property in Singapore, for S$184.6 million. Ascendas Reit’s Extraordinary General Meeting 2021 Ascendas Reit 22