Ascendas REIT - Annual Report 2021

The Manager’s Review of FY2021 Singapore Portfolio Occupancy As at 31 December 2021 As at 31 December 2020 Change Total Singapore Portfolio GFA (sq m) (1) 3,066,797 (1)(2)(3) 3,001,293 (1) 2.2% Singapore Portfolio Occupancy (Same-store) (4) 89.9% 88.6% 1.3% Singapore Multi-tenant Building Occupancy (Same-store) (5) 87.1% 86.3% 0.8% Overall Singapore Portfolio Occupancy 90.2% 88.4% 1.8% Singapore Multi-tenant Building Occupancy 87.4% 85.4% 2.0% Australia Portfolio Occupancy As at 31 December 2021 As at 31 December 2020 Change Total Australian Portfolio GFA (sq m) 788,396 (1) 828,197 -4.8% Australian Portfolio Occupancy (Same-store) (2) 99.1% 97.1% 2.0% Overall Australian Portfolio Occupancy 99.2% 97.4% 1.8% USA Portfolio Occupancy As at 31 December 2021 As at 31 December 2020 Change Total USA Portfolio GFA (sq m) 551,857 (1) 357,065 54.6% USA Portfolio Occupancy (Same-store) (2) 91.3% 92.7% -1.4% Overall USA Portfolio Occupancy 94.5% 92.9% 1.6% UK/Europe Portfolio Occupancy As at 31 December 2021 As at 31 December 2020 Change Total UK/Europe Portfolio GFA (sq m) 590,393 (1) 509,908 15.8% UK/Europe Portfolio Occupancy (Same-store) (2) 96.6% 97.5% -0.9% Overall UK/Europe Portfolio Occupancy 96.7% 97.5% -0.8% (1) Excludes 25 & 27 Ubi Road 4 and iQuest@IBP which were decommissioned for redevelopment since June 2019 and January 2020 respectively. Includes Galaxis acquired in June 2021 and Grab Headquarters completed in July 2021. (2) Excludes 1 Science Park Drive which was divested on 30 November 2021. (3) Excludes 11 Changi North Way which was divested on 16 April 2021. (4) Same-store portfolio occupancy rates are computed with the same list of properties as at 31 December 2021, excluding new investments completed in the last 12 months and divestments. (5) Same-store MTB occupancy rates are computed with the same list of properties as at 31 December 2021, excluding new investments completed in the last 12 months, divestments and changes in classification of certain buildings from single-tenant to multi-tenant buildings or vice-versa. (1) Excludes 1314 Ferntree Gully Road which was divested on 21 June 2021, and 82 Noosa Street and 62 Stradbroke Street which were divested on 9 July 2021. Includes 1-5 Thomas Holt Drive acquired in January 2021. (2) Same-store portfolio occupancy rates are computed with the same list of properties as at 31 December 2021, excluding new investments completed in the last 12 months. (1) Includes logistics properties in Kansas City acquired in November 2021 and excludes Greenbrier Court which was decommissioned for major refurbishment work. (2) Same-store portfolio occupancy rates are computed with the same list of properties as at 31 December 2021, excluding new investments completed in the last 12 months. (1) Includes data centres acquired in March 2021. (2) Same-store portfolio occupancy rates for previous quarters are computed with the same list of properties as at 31 December 2021, excluding new investments completed in the last 12 months. Ascendas Reit 52