CapitaLand Ascendas REIT (A17U) investor relations material

Portfolio profile

• Portfolio AUM S$20.1B across 234 properties in five developed markets; Singapore represented 65% of AUM at 30 Jun 2026.

• Asset mix: Business Space and Life Sciences S$8.8B, Logistics S$4.9B, and Industrial and Data Centres S$6.4B; multi-tenant buildings were 72.1% of AUM.

• Tenant base of 1,802 across more than 20 industries; Technology, Logistics and Life Sciences accounted for 66.6% of the tenant base.

• No single property contributed more than 5% of 1H 2026 gross revenue; more than 200 properties each contributed less than 1%.

Financial performance

• 1H 2026 gross revenue rose 6.7% YoY to S$805.5M and NPI increased 6.2% to S$556.1M, supported by acquisitions and resilient existing assets.

• Distributable income increased 8.6% YoY to S$359.4M; DPU was 7.482 cents, up 0.1% YoY, after an 8.5% increase in applicable units.

• QoQ, 1H 2026 revenue rose 2.8%, NPI 2.2% and distributable income 3.5%; DPU decreased 0.6% to 7.482 cents.

• Portfolio occupancy was 89.1% at 30 Jun 2026; excluding 27 IBP and Summerville Logistics Center, occupancy was 90.3%.

• Rental reversion was 8.5% for 1H 2026 and 5.2% in 2Q; FY 2026 reversion was expected to remain in the high-single-digit range.

Investment and portfolio management

• YTD 2026 acquisitions totaled S$1,783.7M across Singapore, the US, Spain and Japan; estimated initial NPI yields ranged from 4.3% to 7.4% before transaction costs.

• The 25 Loyang Crescent acquisition cost S$536.9M, with a 6.9% initial NPI yield and 13.4-year WALE; 5 Tuas Avenue 5 cost S$136.5M, with a 6.6% initial yield and five-year WALE.

• Three projects costing S$232.8M were completed in 1H 2026, including the S$136.0M redevelopment of 27 IBP and the S$94.8M Summerville Logistics Center acquisition under development.

• Five ongoing projects had estimated total cost of S$507.2M; the pipeline included UK logistics developments, Logis Hub @ Clementi and asset enhancement initiatives in the US and Australia.

• Proposed Kim Chuan Telecommunications Complex divestment for S$200.4M was at a 32% premium to valuation and double the S$100.0M original purchase price.