Annual Report

CONTENTS

About A-REIT

10

ASCENdAS REAl ESTATE INvESTmENT TRuST

09

A-REIT Structure

11

A-REIT’s Competitive Edge

12

Significant Events

14

Financial Highlights

18

Chairman’s Message

24

Manager’s Report

36

Board of Directors

38

The A-REIT Team

44

The Property Manager

48

A-REIT’s Portfolio

56

Business & Science Park Properties

60

Hi-Tech Industrial Properties

64

Light Industrial Properties/ Flatted Factories

70

Warehouse Retail Facilities

76

9Th

ANNuAl

REpORT

FY10/11

Logistics & Distribution Centres

74

Independent Market Study

82

Enhancing Relations

84

Investor Relations

88

Corporate Governance

97

Financial Statements

152 Statistics of Unitholdings

154 Additional Information

9Th ANNuAl REpORT FY10/11

Ascendas Real Estate Investment Trust

61 Science Park Road #02-18

The GALEN Singapore Science Park II

Singapore 117525

157 Glossary

158 Corporate Directory

Any discrepancies in the tables and charts between the listed figures and totals thereof are due to rounding.

Where applicable, figures and percentages are rounded to one decimal place.

CONTENTS

A-REIT Structure

11

A-REIT’s Competitive Edge

12

Significant Events

14

Financial Highlights

18

FORTIFY

About A-REIT

10

ASCENdAS REAl ESTATE INvESTmENT TRuST

09

Chairman’s Message

24

Manager’s Report

36

Board of Directors

38

mARkET lEAdERShIp

The A-REIT Team

44

The Property Manager

48

A-REIT’s Portfolio

56

Business & Science Park Properties

60

Hi-Tech Industrial Properties

64

Light Industrial Properties/ Flatted Factories

70

DIVERSIFY

pORTfOlIO

Warehouse Retail Facilities

76

9Th

ANNuAl

REpORT

FY10/11

Logistics & Distribution Centres

74

Independent Market Study

82

Enhancing Relations

84

Investor Relations

88

Corporate Governance

97...