CLAR: CapitaLand Ascendas REIT – Q1 results update is out. Positive rent reversal of 10.6 percent. Occupancy rate 90.5 percent. ICR 3.5x. Cumulative acquisition of 1.6B. NPI yield minimum 4.3 percent. Gearing will reduce from 42 to 37.3 percent in April 2026

CLAR: Capitaland Ascendas REIT – Q1 earnings update is out. Positive rent reversal of 10.6 percent. Occupancy rate 90.5 percent. ICR 3.5x. Cumulative acquisition of 1.6B. NPI yield minimum 4.3 percent. Gearing will reduce from 42 to 37.3 percent in April 2026. • Total leverage increased to 42.0% due to the acquisition of i. DHL Canal Winchester in US; II. a portfolio of six Grade A logistics assets in Spain; iii. Climbing Singapore (50%) • Total leverage is expected to improve to ~37.3% in April 2026, immediately post EFR of S$903.5 million, assuming the net proceeds of the EFR are fully utilized to repay debt facilities and prior to completion of previously announced acquisitions1 • Available debt headroom of ~S$3.2 billion to reach MAS’ total leverage limit of 50.0% • Strong financial metrics that exceed bank loans contracted by healthy margins • A3 credit rating by Moody’s facilitates good access to wide funding options at competitive rates…