CapitaLand Ascendas REIT (A17U) Investor presentation summary

Portfolio overview and highlights

• Global portfolio valued at S$20.1B across Singapore, Australia, US, UK/Europe, and Japan, with 234 properties and a market cap of S$12.4B as of 30 Jun 2026.

• Singapore remains the anchor market, accounting for 65% of portfolio AUM, with significant expansion into Europe, US, Australia, and Japan over the past decade.

• Portfolio is diversified across business space & life sciences (44%), logistics (24%), and industrial & data centres (32%).

• Distribution yield stands at ~6.0% based on FY2025 DPU and closing price as of 30 Jun 2026.

• Over 20 years of growth, with recent entries into Japan and Europe, and major acquisitions in logistics and data centres.

Financial performance

• 1H 2026 gross revenue rose 6.7% YoY to S$805.5M, NPI up 6.2% to S$556.1M, and distributable income up 8.6% to S$359.4M.

• DPU stable YoY at 7.482 cents despite an enlarged unit base from equity fund raisings.

• Compared to 2H 2025, gross revenue and NPI increased by 2.8% and 2.2% respectively, with distributable income up 3.5%.

• Aggregate leverage at 39.7% with available debt headroom of ~S$4.3B to reach MAS' 50% limit.

• Interest coverage ratio at 3.5x and weighted average all-in debt cost at 3.5%.

Investment and portfolio management

• S$1.8B of DPU-accretive acquisitions completed YTD 2026, including assets in Singapore, US, Spain, and Japan.

• Major acquisitions: 25 Loyang Crescent (S$504.2M), Osaka Data Centre 1 (S$620.7M for 49% interest), and six Grade A logistics properties in Spain (S$185.4M).

• Completed three projects in 1H 2026 for S$232.8M, including redevelopment and asset enhancements in Singapore and the US.

• Five ongoing projects with an estimated total cost of S$507.2M, including redevelopments and new developments in the UK, Singapore, US, and Australia.

• Announced divestment of Kim Chuan Telecommunications Complex in Singapore at S$200.4M, double the original purchase price and a 32% premium to market valuation.