Ascendas REIT - Annual Report 2021

Suburban Offices AU S T R A L I A Property Acquisition/ Completion Date Purchase Price*^/ Development Cost (S$ million) Valuation as at 31 December 2021^^ # (S$ million) GFA (sq m) NLA (sq m) Address Gross Revenue ++ for 2021 (S$ million) Occupancy Rate as at 31 December 2021 Brisbane, Queensland 97 100 Wickham Street 25 Sep 17 90.3 80.5 13,030 13,030 100 Wickham Street, Fortitude Valley 7.5 79.9% 98 108 Wickham Street^ 22 Dec 17 109.0 99.9 11,854 11,854 108 Wickham Street, Fortitude Valley 7.9 97.1% Total (Suburban Offices, Brisbane) 199.3 180.4 24,884 24,884 15.4 88.1% Melbourne, Victoria 99 254 Wellington Road 11 Sep 20 100.6 ## 113.8 17,648 17,648 254 Wellington Road, Mulgrave 7.3 100.0% Total (Suburban Offices, Melbourne) 100.6 ## 113.8 17,648 17,648 7.3 100.0% Sydney, New South Wales 100 197-201 Coward Street 09 Sep 16 145.6 179.0 22,534 22,534 197-201 Coward Street, Mascot 11.9 91.9% 101 1-5 Thomas Holt Drive 13 Jan 21 284.0** 298.3 39,180 39,180 1–5 Thomas Holt Drive, Macquarie Park 19.3 + 100.0% Total (Suburban Offices, Sydney) 429.6 477.3 61,714 61,714 31.2 97.0% Total (Suburban Offices, Australia) 729.5 771.5 104,246 104,246 53.9 95.4% Notes: * Purchase Price excludes transaction cost associated with the purchase of the property. ** Includes a two-year rental guarantee provided by the Vendor for vacant space ^ Purchase Price includes outstanding incentives reimbursed by the vendor. ^^ The valuation for these properties were based on Capitalisation Approach and Discounted Cash FlowAnalysis. Valuation amount excludes rental guarantee and/or outstanding incentives (if any) reimbursed by the vendor. # Based on exchange rate of A$1.0000: S$0.9942 as at 31 December 2021. ## The amount refers to the Base Purchase Consideration which is subject to adjustments that are payable by either the Purchaser (up to a maximum purchase price of A$110.9 million) or the Vendor, depending on the rental and term of the actual leases entered into for the vacant spaces during the rental guarantee period. + Refers to the gross revenue from acquisition date to 31 December 2021. ++ Includes gross rental income, car park income and other income. Properties with minimum 3.0 Stars NABERS Energy Rating or 5 Star Green Star Rating. For more details, please refer to www.ascendas-reit. com/en/sustainability/green-buildings.html Annual Report 2021 87