Ascendas REIT - Annual Report 2021

Appendix Total Return and Distribution FY 07/08 FY 08/09 FY 09/10 FY 10/11 FY 11/12 FY 12/13 FY 13/14 (1,2) FY 14/15 (1,2) FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 2019 (3) FY 2020 FY 2021 Gross Revenue (S$ million) 322.3 396.5 413.7 447.6 503.3 575.8 613.6 673.5 761.0 830.6 862.1 886.2 699.1 1,049.5 1,226.5 Net Property Income (S$ million) 243.5 296.6 320.0 339.4 368.3 408.8 436.0 462.7 533.7 611.0 629.4 649.6 537.7 776.2 920.8 Total Amount Available for Distribution (S$ million) 187.3 210.9 234.9 248.0 281.7 305.6 342.0 351.1 378.3 446.3 468.0 468.0 375.4 538.4 630.0 Distribution per Unit (cents) 14.130 (4) 15.180 (4) 13.100 13.230 (4) 13.560 13.740 (4) 14.240 14.600 15.357 (4) 15.743 (4) 15.988 16.035 11.490 14.688 15.258 (4) As at 31 Mar 2008 31 Mar 2009 31 Mar 2010 31 Mar 2011 31 Mar 2012 31 Mar 2013 31 Mar 2014 (1) 31 Mar 2015 (2) 31 Mar 2016 31 Mar 2017 31 Mar 2018 31 Mar 2019 31 Dec 2019 31 Dec 2020 31 Dec 2021 Number of Properties in Portfolio 84 89 93 93 102 103 105 107 133 131 131 171 200 200 220 Total Assets (S$ million) 4,205 4,548 4,854 5,420 6,564 6,959 7,357 8,160 9,870 10,171 10,354 11,414 13,864 15,123 17,730 Number of Units in Issue (million units) 1,326 1,684 1,871 1,874 2,085 2,399 2,403 2,406 2,666 2,925 2,929 3,111 3,613 4,021 4,198 Net Asset Value per Unit (S$) (5) 1.84 1.61 1.57 1.76 1.88 1.942 2.02 2.08 2.06 2.06 2.12 2.13 2.16 2.21 2.38 Total Gross Borrowings (S$ million) (6) 1,562 1,591 1,522 1,900 2,401 1,971 2,208 2,735 3,678 3,442 3,563 4,141 4,653 4,784 6,143 Aggregate Leverage (7) 38.2% 35.5% 31.6% 35.2% 36.6% 28.3% 30.0% 35.5% 37.2% 33.8% 34.4% 36.3% 35.1% 32.8% 35.9% Notes: (1) With effect from FY11/12, results include the consolidation of the Trust's wholly owned subsidiaries. (2) The Group adopted FRS 110 Consolidated Financial Statements with effect from 1 April 2014 which results in the Group consolidating Ruby Assets Pte. Ltd. and Emerald Assets Limited since 1Q FY14/15. FY13/14 figures have been restated on a similar basis for comparison. (3) The Group changed its financial year end from 31 March to 31 December. Therefore, FY2019 is a nine-month period from 1 April 2019 to 31 December 2019. (4) Distribution per Unit after performance fees. (5) Prior to distribution of distributable income. (6) Excludes fair value changes and amortised costs. Borrowings denominated in foreign currencies are translated at the prevailing exchange rates except for JPY/HKD-denominated debt issues, which are translated at the cross-currency swap rates that Ascendas Reit has committed to. (7) Includes total borrowings and deferred payments on acquisition of properties but excludes fair value adjustments of the collateral loan. Annual Report 2021 265