Investor Presentaiton
Creating Value for Stapled Securityholders
Distribution income from the investments over the past three years more than replaced the
distribution income lost from the divested properties
Notes:
1.
2.
3.
8
FY 2020 and FY 2021
.
c.S$580 mil in proceeds from the
•
divestment of 6 properties;
unlocked S$225 mil in net gains
•
Divested properties at premium to book
despite COVID-19
ODD
lopp
000
ODD
lopp
000
FY 2021
c.S$780 mil invested across 11 longer-stay
properties
•
Expanded investment mandate to include
student accommodation; invested in 7
operational properties and 1 development
project in USA within a year
•
· Acquired 3 rental housing properties in Japan
•
FY 2022
Entered into c.S$420 mil² in acquisitions
across 15 properties
•
Acquired 3 serviced residences, 5 rental
housing properties and additional 45% stake
in Standard at Columbia, USA from Sponsor
Entered into 6 turnkey acquisitions³ in Japan
- 5 in rental housing and CLAS' first student
accommodation property in Japan
Refers to the total purchase consideration for the student accommodation and rental housing properties, as well as CLAS' investment in Standard at Columbia (comprising CLAS investment in the initial 45% stake, estimated cost of the additional
5% stake which CLAS will acquire at fair market valuation, and other deal related expenses).
Refers to the total purchase consideration for the 15 properties
As at 31 December 2022, 3 of the turnkey acquisitions have completed, and the remaining 3 are expected to complete between 2Q 2023 and 2024
CapitaLand Ascott Trust
Investor Presentation
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