Revenue distribution by sector:

• Industrial and logistics properties: approx. 40%
• Business spaces: approx. 35%
• Data centers: approx. 25%

TOP 3 markets and their percentage shares:

• Singapore: approx. 60%
• Australia: approx. 20%
• USA: approx. 10%

CapitaLand Ascendas REIT generates its revenues mainly from industrial and logistics properties, business spaces, and data centers. The largest market is Singapore, attributed to its strong presence and established real estate portfolio in the region. Australia and the USA follow as important markets that have gained significance through strategic investments and expansions in recent years.

CapitaLand Ascendas REIT (SGX:A17U) is a Real Estate Investment Trust (REIT) and does not produce physical products.

CapitaLand Ascendas REIT invests in real estate, particularly in commercial properties such as office and industrial buildings. The focus is on acquiring and managing properties to generate rental income. Therefore, the term "production" is not applicable in this context. Instead, the company focuses on managing and optimizing its real estate portfolio, which may be located in various geographical regions including Singapore, Australia, the United Kingdom, and the USA.

Strategy for Future Growth:

CapitaLand Ascendas REIT pursues a multi-pronged growth strategy focusing on geographic diversification, portfolio optimization, and sustainable investments.

The company plans to expand its presence in key markets such as Singapore, Australia, and Europe. This will be achieved through targeted acquisitions of high-quality properties in these regions to strengthen the revenue base and diversify risk.

Another key focus is on optimizing the existing portfolio through renovations and modernizations to increase the value of the properties and enhance attractiveness for tenants. This includes implementing smart building technologies and sustainable practices to improve operational efficiency and reduce the ecological footprint.

Additionally, CapitaLand Ascendas REIT leverages strategic partnerships and joint ventures to gain access to new markets and innovative real estate projects. This is intended to further increase growth potential and enhance competitiveness.

Main Imported Materials: Building and construction materials, technology equipment

Countries of Origin: China, USA, Japan, Germany

CapitaLand Ascendas REIT, as one of the leading real estate investment trusts in Singapore, is heavily involved in commercial properties, logistics, and industrial facilities. For the construction and maintenance of these properties, the REIT mainly imports building and construction materials. These materials include steel, concrete, and technical equipment required for the construction and operation of modern buildings.

China is a significant supplier of steel and other building materials, while the USA and Japan provide high-quality technology equipment and specialized construction technologies. Germany is known for its mechanical engineering products, which are also used in the construction projects of CapitaLand Ascendas REIT. These imports are crucial to ensuring the high standard and efficiency of the REIT's real estate projects.

Market Share: Approximately 10% in the Asia-Pacific region (2024, estimate) Portfolio Value: SGD 16 billion (2024) Diversification: Over 200 properties in 10 countries (2024)

CapitaLand Ascendas REIT (CLAR) has a significant competitive advantage due to its broad geographical diversification and extensive portfolio, which includes over 200 properties in 10 countries. This allows the company to spread risks and benefit from different economic conditions in various regions.

The REIT specializes in high-quality commercial properties, including office, industrial, and logistics properties, giving it a strong position in fast-growing sectors. The strategic location of many properties in economically dynamic areas of Asia and Europe further contributes to its advantage.

In addition, CLAR benefits from the support of the CapitaLand Group, one of the largest real estate companies in Asia. This connection provides access to extensive resources and expertise in property management, further enhancing its competitiveness.

Institutional Investor Share: approximately 60% (2025, estimated)

Insider Purchases/Sales: No significant changes reported (2025, estimated)

The institutional investor share in CapitaLand Ascendas REIT typically stands at around 60%, indicating the confidence of large institutional investors in the stability and growth potential of the REIT. These investors usually include pension funds, investment funds, and other major financial institutions.

In 2025, there were no significant insider purchases or sales, suggesting that the management and other insiders do not anticipate significant changes in the company's valuation or strategy. This can be interpreted as a sign of stability and confidence in the current corporate leadership and market position.

Market share of CapitaLand Ascendas REIT: Estimated 12% (2025)

Top competitors and their market shares (estimates 2025):

1. Mapletree Industrial Trust: 15%
2. Keppel DC REIT: 14%
3. Frasers Logistics & Commercial Trust: 10%
4. Mapletree Logistics Trust: 9%
5. Suntec REIT: 8%
6. CapitaLand Integrated Commercial Trust: 7%
7. ESR-REIT: 6%
8. ARA LOGOS Logistics Trust: 5%
9. Parkway Life REIT: 4%
10. OUE Commercial REIT: 3%

CapitaLand Ascendas REIT is one of the leading REITs in Singapore, especially in the industrial and commercial real estate sector. The market share of approximately 12% indicates a strong position, although the gap with the largest competitors like Mapletree Industrial Trust and Keppel DC REIT is not very wide.

The moat of CapitaLand Ascendas REIT lies in its broad diversification and the support from the CapitaLand Group, one of the largest real estate companies in Asia. This connection provides access to an extensive network and capital, which represents a certain competitive advantage.

However, some competitors, like Keppel DC REIT, have specialized portfolios focused on high-growth sectors such as data centers. This specialization can be considered a stronger moat as they benefit from specific market trends.

Overall, CapitaLand Ascendas REIT has a solid but not insurmountable moat. Competition remains intense, and success heavily depends on the ability to adapt to market changes and make strategic investments.

Fund Size: SGD 16.5 billion (2024) Real Estate Portfolio: Over 200 properties in 10 countries (2024) Occupancy Rate: 94.5% (2024) Net Property Income: SGD 1.2 billion (2024)

CapitaLand Ascendas REIT is one of the largest and most diversified real estate funds in Asia. With a fund size of SGD 16.5 billion and a wide-ranging real estate portfolio comprising over 200 properties in 10 countries, it provides a solid foundation for stable returns. The 94.5% occupancy rate indicates high demand for the leased spaces, reflecting strong operational performance.

The net property income of SGD 1.2 billion in 2024 underscores the REIT's ability to generate stable income. This is particularly important for investors seeking regular distributions. The geographic diversification of the portfolio also mitigates the risk associated with economic fluctuations in individual markets.

In summary, CapitaLand Ascendas REIT presents an attractive investment opportunity for investors interested in long-term and stable returns due to its size, diversification, and stable income position.

Dividend Yield: 5.8% (estimated for 2025)
Dividend History: Consistent payout over the past 5 years

CapitaLand Ascendas REIT is known for its reliable dividend policy. In recent years, the REIT has consistently distributed dividends, indicating a stable financial foundation and a well-diversified real estate portfolio.

The estimated dividend yield of 5.8% in 2025 shows that the REIT offers an attractive payout for investors. This stability is partly due to the strong demand for commercial properties in Asia, which CapitaLand Ascendas REIT holds in its portfolio.

Analysts expect that the dividend policy will continue in the future, supported by solid operational performance and strategic acquisitions.