Ascendas REIT - Annual Report 2021

Logistics & Distribution Centres S I N G A P O R E Property Acquisition/ Completion Date Purchase Price*/ Development Cost (S$ million) Valuation + as at 31 December 2021 (S$ million) Logistics & Distribution Centres 77 20 Tuas Avenue 1^ 19 Feb 04 02 Apr 18 61.4 88.3 78 LogisTech 04 Mar 04 32.0 63.1 79 Changi Logistics Centre 09 Mar 04 45.6 73.4 80 4 Changi South Lane 31 May 04 23.3 26.6 81 40 Penjuru Lane** 21 Jul 04 225.0 231.3 82 Xilin Districentre A&B 02 Dec 04 31.1 37.9 83 20 Tuas Avenue 6 02 Dec 04 5.5 7.9 84 Xilin Districentre D 09 Dec 04 33.5 29.5 85 9 Changi South Street 3 28 Dec 04 32.0 45.3 86 5 Toh Guan Road East 28 Dec 04 36.4 29.1 87 Xilin Districentre C 05 May 05 30.6 29.4 88 19 & 21 Pandan Avenue** 23 Sep 05 01 Feb 08 105.2 124.0 89 1 Changi South Lane 05 Oct 05 34.8 34.4 90 Logis Hub @ Clementi # 05 Oct 05 18.1 27.0 91 21 Jalan Buroh** 14 Jun 06 58.4 63.1 92 21 Changi South Avenue 2 19 Mar 08 31.9 22.0 93 15 Changi North Way 29 Jul 08 36.2 47.1 94 Pioneer Hub 12 Aug 08 79.3 122.0 95 71 Alps Avenue 02 Sep 09 25.6 23.7 96 90 Alps Avenue 20 Jan 12 37.9 61.7 Total (Logistics & Distribution Centres) 983.8 1,186.8 Notes: * Purchase Price excludes transaction cost associated with the purchase of the property. ** As at 31 December 2021, these properties recorded a depreciation on revaluation against their corresponding values as at 31 December 2020 due to changing market conditions. + The valuation for these properties were based on Capitalisation Approach and Discounted Cash Flow Analysis. ++ Includes gross rental income, car park income and other income. ^ 20 Tuas Avenue 1 was first acquired on 19 February 2004 for S$50.0 million and was subsequently redeveloped to maximise the allowable plot ratio. The redevelopment was completed on 2 April 2018. # Acquired from the Sponsor. Properties with BCA Green Mark Certifications. For more details, please refer to www.ascendas-reit.com/en/sustainability/green-buildings.html Ascendas Reit 84