Ascendas REIT - Annual Report 2021

Logistics & Distribution Centres 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) Melbourne, Victoria 109 676-698 Kororoit Creek Road 23 Oct 15 52.3 86.0 110 700-718 Kororoit Creek Road 23 Oct 15 34.8 47.2 111 2-16 Aylesbury Drive 18 Nov 15 21.3 30.8 112 9 Andretti Court 18 Nov 15 26.6 39.3 113 14-28 Ordish Road 18 Nov 15 53.2 55.2 114 31 Permas Way 18 Nov 15 48.2 88.0 115 35-61 South Park Drive 18 Nov 15 39.1 62.1 116 81-89 Drake Boulevard 18 Nov 15 17.1 25.9 117 162 Australis Drive 18 Nov 15 25.0 33.8 118 52 Fox Drive** 03 Apr 17 26.5 38.3 119 169-177 Australis Drive 04 Jun 18 34.5 52.2 Total (Logistics & Distribution Centres, Melbourne) 378.6 558.8 Perth, Western Australia 120 35 Baile Road 23 Oct 15 36.6 48.7 Total (Logistics & Distribution Centres, Perth) 36.6 48.7 Sydney, New South Wales 121 484-490 Great Western Highway 23 Oct 15 19.9 32.8 122 494-500 Great Western Highway 23 Oct 15 33.4 61.7 123 1 Distribution Place 18 Nov 15 28.6 41.2 124 1-15 Kellet Close 18 Nov 15 44.7 74.8 125 1A & 1B Raffles Glade 18 Nov 15 42.9 61.3 126 5 Eucalyptus Place 18 Nov 15 21.8 37.6 127 7 Grevillea Street 18 Nov 15 104.8 164.1 128 16 Kangaroo Avenue 18 Nov 15 33.1 54.9 129 94 Lenore Drive 18 Nov 15 42.0 64.6 130 6-20 Clunies Ross Street 22 Feb 16 76.6 98.9 Total (Logistics & Distribution Centres, Sydney) 447.8 691.9 Total (Logistics & Distribution Centres, Australia) 1,113.3 1,547.5 Notes: * Purchase Price excludes transaction cost associated with the purchase of the property. ^ Purchase Price includes outstanding incentives reimbursed by the vendor, except for 1 - 7 Wayne Goss Drive. ^^ 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. ++ Includes gross rental income, car park income and other income. ** Purchase Price includes rental guarantee provided by the vendor. # Based on exchange rate of A$1.0000: S$0.9942 as at 31 December 2021. ## As at 31 December 2021, these properties recorded a depreciation on revaluation against their corresponding A$ values as at 31 December 2020 due to changing market conditions. Ascendas Reit 92