Ascendas Real Estate Investment Trust (A-REIT)1 is a Singapore-based business space and industrial real estate investment trust (REIT). It owns a diversified portfolio of properties in Singapore comprising business and science parks, hi-tech industrial, light industrial/flatted factories, logistics and distribution centers and warehouse retail facilities. Ascendas-MGM Funds Management Limited (A-MGM) is the manager of A-REIT. The properties house a tenant base of more than 750 international and local companies from a range of industries and activities, including research and development, life sciences, information technology, engineering, light manufacturing, logistics services providers, electronics, telecommunications, manufacturing services and back-room office support in service industries. During the fiscal year ended March 31, 2007, the Company made a total of 17 acquisitions. As at March 31, 2006, A-REIT's portfolio had 77 properties.
- October 18, 2008 - Ascendas-Reit Q2 net rises 14.8% to $53.3m on additional rental income2 - ASCENDAS Real Estate Investment Trust (A-Reit) yesterday reported net distributable income of $53.3 million for its second quarter ended Sept 30, 2008. This is 14.8 per cent higher than a year ago.