Business Strategy and Outlook
| Xinfu Lee |CapitaLand Ascendas REIT, or CLAR, invests in properties used for the purpose of industrial, logistics and business activities in Singapore, Australia, Europe and the U.S. Its portfolio is well diversified, consisting of business and science parks, high-specification industrial properties, data centers, light industrial properties, and logistics and distribution centers. Since IPO, the manager has grown the trust’s assets under management and distribution per unit by using a mixture of active lease management, asset enhancement initiatives, or AEIs and capital recycling.