The Manager

Ascendas Reit is managed by Ascendas Funds Management (S) Limited (AFM), a wholly-owned subsidiary of CapitaLand Investment Limited.

The Manager is fully committed towards Ascendas Reit’s mission of delivering predictable distributions and long-term capital stability to Unitholders.

This is achieved through a three-pronged strategy of :

 

  1) Proactive portfolio management

• Proactive marketing and leasing of spaces to achieve a healthy occupancy rate
• Providing high standards of property and customer services
• Enhancing operational efficiency and optimisation of operating costs
• Carrying out asset enhancement initiatives

  2) Disciplined value-adding investments

• Acquiring income-producing properties leased to established customers
• Acquiring high-quality properties with strong income stream and/or asset enhancement potential
• Developing built-to-suit projects to cater to prospective customers’ operational requirements and specifications
• Selective development/redevelopment to capitalise on the Manager’s development capabilities
• Sourcing of overseas investment opportunities to strengthen portfolio diversification and resilience

  3) Prudent capital and risk management

• Regular reviews of Ascendas Reit's debt and capital management, and financial policy
• Diversifying sources of funding, managing interest rate risk, liquidity risk, credit risk and foreign currency risk
• Monitoring Ascendas Reit’s exposure to various risk elements and externally imposed requirements in the markets it operates in by closely adhering to clearly established management policies and procedures
• Risk management policies and systems are reviewed regularly to reflect changes in market conditions and Ascendas Reit’s strategic direction
• Creating an acceptable balance between the benefits derived from managing risks and the cost of managing those risks