Ascendas REIT - Annual Report 2021

Contents 06 HIGHLIGHTS OF FY2021 08 FINANCIAL HIGHLIGHTS 07 ABOUT ASCENDAS REIT 10 CHAIRMAN’S MESSAGE 13 IN CONVERSATION WITH CEO 15 ASCENDAS REIT’S STRUCTURE 19 WHAT ASCENDAS REIT INVESTS IN 16 BUSINESS MODEL 20 SUSTAINABILITY HIGHLIGHTS 22 SIGNIFICANT EVENTS 24 BOARD OF DIRECTORS 30 THE ASCENDAS REIT TEAM 32 THE ASSET & PROPERTY MANAGERS 33 THE MANAGER’S REVIEW OF FY2021 58 INVESTOR RELATIONS 86 SUBURBAN OFFICES (AUSTRALIA) 106 LOGISTICS & DISTRIBUTION CENTRES (UNITED STATES) 154 FINANCIAL REPORT FY2021 62 ASCENDAS REIT’S PORTFOLIO 88 LOGISTICS & DISTRIBUTION CENTRES (AUSTRALIA) 258 STATISTICS OF UNITHOLDINGS 67 BUSINESS & SCIENCE PARK PROPERTIES (SINGAPORE) 94 DATA CENTRES (UNITED KINGDOM / EUROPE) 261 ADDITIONAL INFORMATION 72 INTEGRATED DEVELOPMENT, AMENITIES & RETAIL PROPERTIES (SINGAPORE) 96 LOGISTICS & DISTRIBUTION CENTRES (UNITED KINGDOM / EUROPE) 263 GLOSSARY 74 HIGH- SPECIFICATIONS INDUSTRIAL PROPERTIES AND DATA CENTRES (SINGAPORE) 265 APPENDIX 78 LIGHT INDUSTRIAL PROPERTIES AND FLATTED FACTORIES (SINGAPORE) 82 LOGISTICS & DISTRIBUTION CENTRES (SINGAPORE) 102 BUSINESS PARK & OFFICE PROPERTIES (UNITED STATES) 108 CORPORATE DIRECTORY 110 CORPORATE GOVERNANCE 146 ENTERPRISE RISK MANAGEMENT OVERVIEW LEADERSHIP PORTFOLIO GOVERNANCE CORPORATE DIRECTORY FINANCIAL STATEMENTS AND OTHER INFORMATION PERFORMANCE