Overview

A-REIT, Singapore's first business space and industrial REIT, was listed on 19 November 2002 with a portfolio of 8 properties worth S$545 million. It has since increased its properties to 78 with a book value of about S$3.3 billion as at 30 June 2007.

It owns a diversified property portfolio in Singapore comprising business and science parks, hi-tech industrial properties, light industrial properties, logistics and distribution centres as well as warehouse retail facilities. These properties house a tenant base of over 750 international and local companies from a wide range of industries and activities, including research and development, life sciences, information technology, electronics, engineering, light manufacturing, telecommunications, logistics service providers, manufacturing services and back-room office support in service industries.

A-REIT is listed in several indices including the Morgan Stanley Capital International, Inc (MSCI) Index, the European Public Real Estate Association / National Association of Real Estate Investment Trusts (EPRA/NAREIT) Global Real Estate Index and Global Property Research (GPR) Asia 250. A corporate family credit rating of "A3" was assigned to A-REIT by Moody's Investors Service in December 2005.

A-REIT's objective is to achieve income stability and long-term growth in the portfolio. Potential growth in the existing portfolio would be through a proactive approach to funds and asset management, and acquisition of strategically located premium properties to deliver consistent returns to unitholders.

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