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CapitaLand Ascendas REIT (formerly known as Ascendas Real Estate Investment Trust) is managed by CapitaLand Ascendas REIT Management Limited (formerly known as Ascendas Funds Management (S) Limited) (The "Manager"), a wholly-owned subsidiary of CapitaLand Investment Limited.
The Manager is fully committed towards CapitaLand Ascendas REIT’s mission of delivering predictable distributions and long-term capital stability to Unitholders.
This is achieved through a three-fold 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 build-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 CapitaLand 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 CapitaLand 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 CapitaLand Ascendas REIT’s strategic direction
- Creating an acceptable balance between the benefits derived from managing risks and the cost of managing those risks