CapitaLand Ascendas REIT (A17U) Investor presentation summary

Portfolio profile

• Portfolio AUM was S$20.7B across five developed markets as at 30 Sep 2026; Singapore accounted for 66%, and multi-tenant buildings represented 70% of AUM.

• Asset mix: business space and life sciences 43%, logistics 27%, and industrial and data centres 30%.

Operating performance

• Portfolio occupancy was 90.1% at 30 Sep 2026, up 1.0 ppt QoQ; rental reversion was 9.9% in 3Q and 9.0% in 9M 2026.

• Occupancy by market: Singapore 90.9%, US 82.3%, Australia 91.1%, UK/Europe 96.3%, and Japan 100%.

• Portfolio WALE was 4.1 years; 6.6% of gross rental income was due for renewal in the remainder of FY 2026.

• FY 2026 rental reversion was expected to remain positive in the high-single-digit range.

Portfolio actions and development

• 3Q acquisitions totalled S$638.1M, with initial NPI yields of 6.6%–6.9% before transaction costs; 9M acquisition value reached ~S$1.8B.

• Three Singapore divestments were priced at S$281.7M, ~25% above total independent market valuation; applying estimated net proceeds to debt would reduce pro forma leverage to ~41%.

• Seven ongoing projects had estimated total costs of S$847.7M; stabilised yields on development and redevelopment costs were expected at 6%–8%.

• Redevelopment of 29 International Business Park will add ~14,000 sqm of GFA, with completion estimated for 1H 2030.