Ascendas REIT's assets reach $6.6b

.A-REIT is also expected to benefit from favourable rental reversions in the coming quarters.

According to OCBC, Ascendas REIT (A-REIT) is Singapore’s first listed business space and industrial REIT. It has a diversified portfolio of 101 properties in Singapore, comprising business and science park properties, hi-tech industrial properties, light industrial properties, and logistics and distribution centres, as well as a business park property in China.

Here's more from OCBC:

As at 30 Jun, AREIT’s total assets amounted to ~S$6.6b. These properties house a tenant base of over 1,100 international and local companies from a wide range of industries and activities. AREIT is managed by Ascendas Funds Management (S) Limited, a wholly-owned subsidiary of Singapore-based Ascendas Group.

Commendable set of 1QFY13 results
For 1QFY13, we note that A-REIT turned in a commendable set of results, with DPU rising 10.3% YoY to 3.53 S cents despite an enlarged unit base post private placement. Operationally, A-REIT’s portfolio occupancy rate also improved to 94.6% from 94.3% in 4QFY12.

For the rest of FY13, we understand that A-REIT has 9.1% of its revenue due for renewal. Given that the current market rents are 16-35% higher than the average passing rents for the areas due for renewal, we remain positive that A-REIT may continue to benefit from favourable rental reversions in the coming quarters.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia