Interim report
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 CapitaLand ASCENDAS REIT Summary of CapitaLand Ascendas REIT Group Results Gross revenue Net property income Total amount available for distribution : - · Taxable income - Tax - exempt income 1H FY2026 S $ ' 000 1H FY2025 Variance S $ ' 000 % 805,503 754,751 6.7 % 556,064 523,417 6.2 % 359,416 331,081 8.6 % 295,722 283,780 4.2 % 17,878 7,092 152.1 % 45,816 40,209 13.9 % - Distribution from capital Distribution per Unit ( " DPU " ) ( cents ) For the period from 1 January to 30 June 7.482 7.477 0.1 % - Taxable income 6.159 6.407 ( 3.9 % ) - Tax - exempt income 0.362 0.161 124.8 % - Distribution from capital 0.961 0.909 5.7 % Applicable number of units ( million ) 4,804 4,428 8.5 % DPU for 1HFY2026 is calculated based on the summation of DPU for each period as follows : DPU ( cents ) Taxable income Tax - exempt income Distribution from capital Total Distribution details 1 January 2026 to 2 April 2026 to 1 April 2026 ( 1 ) Total 30 June 2026 3.116 3.043 6.159 0.044 0.318 0.362 0.590 0.371 0.961 3.750 3.732 7.482 Distribution type Distribution rate ( cents per unit ) Taxable 3.043 Record date Payment date Footnote ( 1 ) 2 April 2026 to 30 June 2026 Tax - exempt 0.318 Capital 0.371 14 August 2026 8 September 2026 Total 3.732 Pursuant to the launch of equity fund raising announcement on 24 March 2026 , distributable income for the period from 1 January 2026 to 1 April 2026 has been paid on 30 April 2026 . -1-
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 2 - Introduction CapitaLand Ascendas REIT (“CLAR” or the “Trust”) is a real estate investment trust constituted by the Trust Deed entered into on 9 October 2002 (as amended and restated) between CapitaLand Ascendas REIT Management Limited as the Manager and HSBC Institutional Trust Services (Singapore) Limited as the Trustee. During the financial period, CLAR and its subsidiaries (the “Group”) have completed the following acquisitions: No. Type Country Properties Amount ($’mil) Completion Date Acquisition(s) i Logistics United States (“US”) DHL Canal Winchester, Columbus S$94.5 (US$73.8) 29 January 2026 ii Logistics Spain Madrid 1) Torrejon I 2) Torrejon II Barcelona 3) Sant Feliu I 4) Sant Feliu II 5) Sant Feliu III 6) Sant Feliu IV S$185.4 (EUR124.0) 27 February 2026 iii Business Space & Life Sciences Singapore 2 Science Park Drive (“Ascent”) (50%) S$245.01 23 March 2026 iv Industrial & Data Centres Japan Osaka Data Centre 1 (49%) S$620.7 (¥76,400.0) 7 May 2026 1 Inclusive of S$15.0 million deferred consideration payable latest 15 months after the completion of the acquisition The Group’s results include the consolidation of subsidiaries , associate and joint venture s. The commentaries provided are based on the consolidated Group results unless otherwise stated.
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 3 - CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Consolidated Statement of Total Return Note: “n.m.” denotes “not meaningful” 1H FY2026 1H FY2025 Variance Note S$'000 S$'000 % Gross revenue (a) 805,503 754,751 6.7% Property services fees (b) (28,688) (26,526) 8.2% Property tax (b) (51,348) (48,785) 5.3% Other property operating expenses (b) (169,403) (156,023) 8.6% Property operating expenses (b) (249,439) (231,334) 7.8% Net property income 556,064 523,417 6.2% Management fees - Base management fee (c) (49,388) (42,776) 15.5% Trust expenses (d) (6,613) (9,528) (30.6%) Finance costs, net (153,383) (128,566) 19.3% Net foreign exchange differences (f) (19,780) (11,560) 71.1% Gain on disposal of investment properties (g) - 7,662 (100.0%) Net non property expenses (229,164) (184,768) 24.0% Net income (e) 326,900 338,649 (3.5%) Net change in fair value of financial derivatives (h) (28,644) (8,237) n.m. Net change in fair value of right-of-use assets (i) (4,714) (5,015) (6.0%) Share of results of associate company and joint ventures (net of tax) (j) 6,700 (1,580) n.m. Total return for the financial period before tax 300,242 323,817 (7.3%) Tax expense (k) - Current income tax (14,779) (10,122) 46.0% - Deferred income tax (384) (10,958) (96.5%) (15,163) (21,080) (28.1%) Total return for the financial period 285,079 302,737 (5.8%) Attributable to: Unitholders 280,348 298,274 (6.0%) Perpetual securities holders 4,731 4,463 6.0% Total return for the financial period 285,079 302,737 (5.8%) Other comprehensive income Items that may be reclassified subsequently to profit or loss: - Effective portion of change in fair value of cash flow hedges (l) 32,379 (115,809) (128.0%) - Foreign exchange difference on translation of foreign operations (m) 112,659 22,117 n.m. Other comprehensive income, net of tax 145,038 (93,692) n.m. Total comprehensive income for the financial period 430,117 209,045 105.8% Earnings per Unit (cents) - Basic and diluted (n) 5.858 6.735 (13.0%) Distribution per Unit (cents) (n) 7.482 7.477 0.1% Group
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 4 - Explanatory notes to the Consolidated Statement of Total Return (a) Gross revenue comprises gross rental income and other income (which includes revenue from utilities charges, interest income from finance lease receivable , car park revenue and pre- termination compensation from tenants). The increase in gross revenue was mainly attributable to the acquisitions in 2025 and the new acquisitions in 1H FY2026 (refer to page 2) partially offset by divestments in 2025. Acquisitions in 2025 included one US logistics property in January, one Singapore business space property and one data centre in August, and one Singapore logistics property together with two industrial properties in December. Divestments in 2025 included one US business space property in June, one Singapore industrial property in October, one UK logistics property in November, as well as one Singapore industrial property, three Singapore logistics properties (collectively, the “Singapore Divestments”), one Australian logistics property and one US business space property in December. (b) Property operating expenses comprise property services fees, property taxes and other expenses such as maintenance and conservancy costs, utilities expenses, marketing fees and other miscellaneous property-related expenses. The increase in p roperty operating expenses was mainly contributed by the aforementioned acquisitions under point (a). (c) Base management fees is determined based on 0.5% per annum of the deposited properties under management excluding derivative assets, investment properties under development and the effects from the adoption of FRS 116. The Manager has elected to receive 20% of the base management fees in Units and the other 80% in cash. (d) Trust and other expenses comprise of statutory expenses, professional fees, compliance costs, listing fees and other non-property related expenses, and the decrease was mainly contributed by an accrual of professional fees in 1H FY2025. (e) The following items have been included in net income: Footnote (1) Finance costs comprise expenses on borrowings, net payments on interest rate swaps, amortised costs of establishing debt facilities (including the Medium Term Notes (“MTN”), term loan facilities and committed revolving credit facilities), the finance costs on lease liabilities and reclassification from hedging reserve in relation to cash flow hedges. 1H FY2026 1H FY2025 Variance S$'000 S$'000 % Gross revenue Gross rental income 651,777 616,792 5.7% Other income 153,726 137,959 11.4% Property operating expenses Net provision of expected credit loss on receivables (2,705) (1,176) 130.0% Finance income Interest income 1,670 1,286 29.9% Finance costs (1) Interest expenses (137,164) (123,109) 11.4% Cash flow hedges (cross currency swaps) (1,814) 10,066 (118.0%) Other borrowing costs (2,827) (3,189) (11.4%) Finance costs on lease liabilities (13,248) (13,620) (2.7%) (155,053) (129,852) 19.4% Group
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 5 - Explanatory notes to the Consolidated Statement of Total Return (continued) (f) Foreign exchange differences arose mainly from the revaluation of AUD (“A$”), GBP, HKD, USD and Euro (“EUR”) denominated borrowings. Cross currency swaps were entered into to hedge against the foreign exchange exposure of certain AUD, GBP, HKD and USD denominated borrowings. In 1H FY2026, the Group recorded a foreign exchange loss of S$19.8 million mainly due to the settlement of certain cross currency swaps. In 1H FY2025, the Group recorded a foreign exchange loss of S$11.6 million mainly due to the settlement of certain foreign currency denominated borrowings. (g) The gain on disposal of investment propert y in 1H FY2025 arose from the divestment of a US business space property in June 2025. (h) Net change in fair value of financial derivatives arose mainly from the revaluation of interest rate swaps, cross currency swaps and foreign exchange forward contracts entered to hedge against the interest rate and foreign exchange exposures of the Group. (i) This relates to the right-of use of leasehold land and the corresponding lease liabilities which was derived by discounting the future lease payments using the Group’s incremental borrowing rate for borrowings of similar amounts and tenors, and with similar security. The land rent payments were reflected as finance cost on lease liabilities with the corresponding fair value change of the right-of-use of leasehold land being recognised in the Statement of Total Return. (j) Share of results of joint venture s (net of tax) relates to contributions from : ( i) the carpark operations at ONE@Changi City in Singapore, which is operated through a joint venture entity, Changi City Carpark Operations LLP; (ii) the Group’s 50% interest in Ascent, a business space property located at 2 Science Park Drive , acquired in March 2026 ; and ( iii) the Group’s 49% interest in a Tier III hyperscale data centre in Greater Osaka, Japan (the “Osaka Data Centre 1”) and its master lessee operating company, that were acquired in May 2026. Share of results of associate company (net of tax) relates to the investment in SPRINT Plot 1 Trust, which holds the investment property, Geneo, that was completed in March 2025. The Group uses the equity method to account for the results of joint ventures and associate company. 1H FY2026 1H FY2025 Variance S$'000 S$'000 % Fair value (loss) / gain on: - interest rate swaps (5,385) (1,702) n.m. - cross currency swaps (23,777) (7,688) n.m. - foreign exchange forward contracts 518 1,153 (55.1%) Net change in fair value of financial derivatives (28,644) (8,237) n.m. Group
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 6 - Explanatory notes to the Consolidated Statement of Total Return (continued) (k) Tax expense includes income tax expenses of subsidiaries holding properties in the UK/Europe, withholding tax paid on the payments of shareholders’ loan interests and distributions from Australia, as well as deferred tax expense on the undistributed profits and temporary differences arising from the fair value uplift of investment properties of certain overseas subsidiaries. The deferred tax expense in 1H FY2025 was mainly due to reversal of deferred tax assets that were no longer applicable. (l) Derivative financial instruments are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re -measured at fair value. Derivative financial instruments are carried as assets when the fair value is positive and as liabilities when the fair value is negative. Gains or losses arising from changes in fair value of derivative financial instruments that do not qualify for hedge accounting are taken to the profit or loss. For cash flow hedges, the effective portion of the fair value gains or losses on the hedging instrument is recognised directly in other comprehensive income and accumulated in the hedging reserve, while the ineffective portion is recognised in the profit or loss. For all hedged transactions, the amount accumulated in the hedging reserve is reclassified to profit or loss in the same period or periods during which the hedged cash flows affect the profit or loss. (m) This represents the foreign exchange translation differences arising from translation of the financial statements of foreign subsidiaries denominated in foreign currencies. (n) Earnings per Unit and Distribution per Unit for the financial period Footnote (1) The EPU has been calculated using total return for the financial period and the weighted average number of Units issued and issuable during the financial period. The diluted EPU is equivalent to the basic EPU as no dilutive instruments were in issue in 1H FY2026 and 1H FY2025. 1H FY2026 1H FY2025 Basic and Diluted EPU attributable to Unitholders (1) Weighted average number of Units 4,785,867,541 4,428,743,716 Earnings per Unit in cents 5.858 6.735 DPU Number of Units in issue 4,995,214,537 4,606,284,740 Distribution per Unit in cents 7.482 7.477 Group
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 7 - CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Consolidated Distribution Statement Group 1H FY2026 1H FY2025 S$’000 S$’000 Total amount available for distribution to Unitholders at beginning of the financial period 347,558 338,376 Total return for the financial period attributable to Unitholders and perpetual securities holders 285,079 302,737 Less: Amount reserved for distribution to perpetual securities holders (4,731) (4,463) Distribution adjustments (Note A) 15,374 (14,494) Taxable income(1) 295,722 283,780 Tax-exempt income(2) 17,878 7,092 Distribution from capital(3) 45,816 40,209 Total amount available for distribution to Unitholders for the financial period 359,416 331,081 Distribution of 3.750 cents per unit for the period from 01/01/26 to 01/04/26 (172,948) – Distribution of 7.528 cents per unit for the period from 01/07/25 to 31/12/25 (347,188) – Distribution of 6.479 cents per unit for the period from 01/01/25 to 05/06/25 – (285,110) Distribution of 7.681 cents per unit for the period from 01/07/24 to 31/12/24 – (338,005) (520,136) (623,115) Total amount available for distribution to Unitholders at end of the financial period 186,838 46,342 Distribution per Unit (cents) 7.482 7.477 Note A - Distribution adjustments comprise: Group 1H FY2026 1H FY2025 S$’000 S$’000 Amount reserved for distribution to perpetual securities holders 4,731 4,463 Management fee paid / payable in units 9,693 8,549 Trustee fee 1,489 1,371 Deferred tax movement 384 10,958 Net income from subsidiaries, joint ventures and associate company (47,002) (46,991) Net change in fair value of financial derivatives 28,644 8,237 Net foreign exchange differences 19,780 11,560 Others (2,345) (4,979) Gain on disposal of investment properties – (7,662) Total distribution adjustments 15,374 (14,494) Footnotes (1) This relates to the distribution of income from properties held by the Trust and certain tax -transparent Singapore subsidiaries. (2) This relates to (i) the distribution of income relating to properties in Australia and the UK / Europe that has been received in Singapore (net of applicable tax and/or withholding tax) following the repatriation of profits to Singapore, and (ii) the one-tier dividend from the Singapore subsidiaries. (3) This relates to the distribution of (i) income repatriated from Australia by way of shareholder loan repayment, (ii) net income attributable to properties in the UK / Europe, Australia and the US, which have not been repatriated to Singapore, (iii) reimbursements received from vendors in relation to outstanding incentives and rental support that were subsisting at the point of the completion of the acquisition of certain properties in Australia and the UK , and (iv) distributions from joint ventures and associate yet to be made due to timing differences.
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 8 - CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Statements of Financial Position 30/6/2026 31/12/2025 30/6/2026 31/12/2025 Reference S$'000 S$'000 S$'000 S$'000 Note Non-current assets Investment properties (a) 18,886,832 18,202,446 10,824,604 10,669,200 3 Investment properties under development (b) 242,772 416,605 39,030 147,600 4 Right-of-use assets (c) 599,825 604,776 571,515 573,761 Finance lease receivables 20,638 23,207 20,638 23,207 Interest in subsidiaries (d) - - 5,430,604 5,152,224 Loans to subsidiaries (d) - - 1,365,709 593,522 Investment in associate company (e) 133,095 131,526 122,903 122,903 Investment in joint venture (f) 760,244 270 - - Deferred tax assets (g) 8,688 7,377 - - Derivative assets (h) 23,813 22,089 23,813 22,089 5 20,675,907 19,408,296 18,398,816 17,304,506 Current assets Finance lease receivables 5,003 4,758 5,003 4,758 Trade and other receivables 154,305 168,089 76,385 53,039 Derivative assets (h) 2,087 3,801 2,087 2,797 5 Loans to subsidiaries (d) - - 878,667 240,550 Cash and fixed deposits 264,100 209,444 37,631 4,017 7 425,495 386,092 999,773 305,161 Total assets 21,101,402 19,794,388 19,398,589 17,609,667 Current liabilities Trade and other payables 508,233 524,634 304,340 336,516 Security deposits 76,133 79,173 72,842 76,235 Derivative liabilities (h) 21,860 26,850 21,860 26,850 5 Short term borrowings (i) 2,061,158 848,380 2,061,158 848,380 6 Term loans 393,044 626,996 393,044 - 6 Medium term notes 150,954 237,619 150,954 237,619 6 Lease liabilities (c) 38,344 42,277 37,876 41,803 Provision for taxation 11,635 8,495 3,206 883 3,261,361 2,394,424 3,045,280 1,568,286 Net current liabilities (j) (2,835,866) (2,008,332) (2,045,507) (1,263,125) Non-current liabilities Security deposits 156,834 149,910 140,304 133,801 Derivative liabilities (h) 71,864 76,479 71,864 76,479 5 Amount due to a subsidiary - - 25,844 25,686 Term loans 2,900,153 3,256,387 1,582,163 1,927,529 6 Medium term notes 2,331,614 2,350,846 2,331,614 2,350,846 6 Lease liabilities (c) 561,481 562,499 533,639 531,958 Other payables 191 163 - - Deferred tax liabilities (g) 153,782 149,374 - - 6,175,919 6,545,658 4,685,428 5,046,299 Total liabilities 9,437,280 8,940,082 7,730,708 6,614,585 Net assets 11,664,122 10,854,306 11,667,881 10,995,082 Represented by: Unitholders' funds 11,360,029 10,550,108 11,365,606 10,692,728 Perpetual securities holders 302,275 302,354 302,275 302,354 Non-controlling interests 1,818 1,844 - - 11,664,122 10,854,306 11,667,881 10,995,082 Units in issue ('000) 4,995,215 4,611,952 4,995,215 4,611,952 8 Net asset value per unit (S$) (k) 2.27 2.29 2.28 2.32 Group Trust
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 9 - Explanatory notes to the Statements of Financial Position (a) The increase in the Group’s investment properties mainly arose from the acquisition of one property in the US and six properties in Spain , and the completion of two investment properties under development (“IPUD”). (b) IPUD relate to four on-going projects, namely Logis Hub @ Cl ementi in Singapore and Welwyn Garden City, Towcester and Mantonwood in the United Kingdom . During the period, 27 IBP in Singapore and Summerville Logistics Center in the US were completed and transferred to investment properties. (c) The Group recognised the land leases on the Statements of Financial Position to reflect the right- of-use of leasehold land and the associated obligation for the lease payments as lease liabilities. The right-of-use of leasehold land and the corresponding lease liabilities are derived by discounting the future lease payments using the Group’s incremental borrowing rate for borrowings of similar amounts and tenors, and with similar security. (d) Interest in subsidiaries and loans to subsidiaries relate to entities directly or indirectly wholly-owned by CapitaLand Ascendas REIT. The increase in interest in subsidiaries and loans to subsidiaries are mainly attributable to capital injection and short-term funding during the financial period. (e) Investment in associate company as at 30 June 202 6 relates to CLAR’s 34% stake in a special purpose trust that holds the investment property, 1 Science Park Drive, Singapore. (f) Investment in joint ventures as at 30 June 2026 relates to CLAR’s 39.914% stake in Changi City Carpark Operations LLP, Singapore; 49% interest in the Osaka Data Centre 1 and its master lessee operating company; and 50% interest in Ascent. (g) Deferred tax assets are recognised for unused tax losses of subsidiaries holding properties overseas. Deferred tax liabilities relate to tax provided on the undistributed profits and temporary differences arising from the fair value movement of investment properties of certain overseas subsidiaries. (h) Derivative assets and derivative liabilities relate to favourable and unfavourable changes in the fair value of certain interest rate swaps, cross currency swaps and foreign currency forward contracts. (i) Short term borrowings increased mainly due to fundings for new acquisition during the period. (j) Notwithstanding the net current liabilities position, based on the Group’s available financial resources, the Manager is of the opinion that the Group will be able to refinance its borrowings and meet its current obligations as and when they fall due. (k) Net asset value per Unit based on Units issued at the end of the financial period: Footnote (1) The adjusted net asset value per Unit is arrived at after deducting the amount to be distributed for the relevant period after the reporting date. 30/6/2026 31/12/2025 30/6/2026 31/12/2025 cents cents cents cents Net asset value per Unit 227 229 228 232 Adjusted net asset value per Unit (1) 224 221 224 224 Group Trust
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 10 - CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Statements of Movements in Unitholders’ Funds Group Trust 1H FY2026 1H FY2025 1H FY2026 1H FY2025 Note S$’000 S$’000 S$’000 S$’000 Unitholders’ Funds Balance at beginning of the financial period 10,550,108 10,008,906 10,692,728 10,172,074 Operations Total return for the year attributable to Unitholders 285,079 302,737 281,019 243,259 Less: Amount reserved for distribution to perpetual securities holders (4,731) (4,463) (4,731) (4,463) Net increase in net assets resulting from operations 280,348 298,274 276,288 238,796 Movement in foreign currency translation reserve (a) 112,659 22,117 – – Movement in hedging reserve 32,379 (115,809) 12,055 (74,304) Unitholders’ transactions Units issued through equity fund raising 903,468 500,002 903,468 500,002 Equity issue costs (10,790) (5,213) (10,790) (5,213) Acquisition fees paid/payable in units (b) 2,300 – 2,300 – Management fees paid/payable in Units 9,693 8,549 9,693 8,549 Distributions to Unitholders (c) (520,136) (623,115) (520,136) (623,115) Net decrease in net assets resulting from Unitholders’ transactions 384,535 (119,777) 384,535 (119,777) Balance at end of the financial period 11,360,029 10,093,711 11,365,606 10,216,789 Perpetual Securities Holders’ Funds Balance at beginning of the financial period 302,354 298,938 302,354 298,938 Amount reserved for distribution to perpetual securities holders 4,731 4,463 4,731 4,463 Distribution to perpetual securities holders (4,810) (4,463) (4,810) (4,463) Balance at end of the financial period 302,275 298,938 302,275 298,938 Non-controlling interests Balance at beginning of the financial period 1,844 671 – – Contribution from non-controlling interests – 1,121 – – Currency translation movement (26) (53) – – Balance at end of the financial period 1,818 1,739 – – Total 11,664,122 10,394,388 11,667,881 10,515,727 Footnotes (a) This represents the foreign exchange translation differences arising from translation of the financial statements of foreign subsidiaries denominated in foreign currencies. (b) The acquisition fees paid/payable in units relates to the acquisition of a 50% interest of a property from a related party. (c) The distribution paid in 1H FY2026 comprised of distributions to Unitholders for the period from 1 July 2025 to 31 December 2025 and 1 January 2026 to 1 April 2026 (1H FY2025: for the period from 1 July 2024 to 31 December 2024 and the period from 1 January 2025 to 5 June 2025).
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 11 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Investment Properties Portfolio Statement As at 30 June 2026 Description of property Acquisition date Tenure Term of lease Lease expiry Remaining term of lease Location Carrying amount Percentage of net assets attributable to unitholders 30/06/2026 31/12/2025 30/06/2026 31/12/2025 Group $’000 $’000 % % SINGAPORE Business Space and Life Sciences Business Space one-north Nexus @one-north 4 Sep 2013 Leasehold 60 years 7 Jun 2071 45 years 1 & 3 Fusionopolis Link 229,272 226,000 2.02 2.14 Galaxis 30 Jun 2021 Leasehold 60 years 11 July 2072 46 years 1 & 3 Fusionopolis Place 850,272 848,700 7.48 8.04 Grab Headquarters 30 Jul 2021 Leasehold 30 years 7 April 2049 23 years 1 & 3 Media Close 202,738 203,000 1.78 1.92 The Shugart 25 May 2023 Leasehold 30 years 21 May 2043 17 years 26 Ayer Rajah Crescent 230,300 230,300 2.03 2.18 International Business Park Techquest 5 Oct 2005 Leasehold 60 years 15 Jun 2055 29 years 7 International Business Park 28,861 28,700 0.25 0.27 Acer Building 19 Mar 2008 Leasehold 60 years 30 Apr 2056 30 years 29 International Business Park 63,822 63,800 0.56 0.60 31 International Business Park 26 Jun 2008 Leasehold 60 years 15 Dec 2054 28 years 31 International Business Park 182,161 181,700 1.60 1.72 Nordic European Centre 8 Jul 2011 Leasehold 60 years(a) 31 Mar 2057(a) 31 years(a) 3 International Business Park 124,186 124,000 1.09 1.18 27 IBP (i) 12 Jan 2007 Leasehold 60 years 30 Nov 2055 29 years 27 International Business Park 133,989 – 1.18 – Changi Business Park 17 Changi Business Park Central 1 19 Nov 2002 Leasehold 60 years(a) 15 Dec 2058(a) 32 years(a) 17 Changi Business Park Central 1 60,331 60,400 0.53 0.57 1 Changi Business Park Avenue 1 30 Oct 2003 Leasehold 60 years(a) 31 Jan 2061(a) 35 years(a) 1 Changi Business Park Avenue 1 59,245 59,300 0.52 0.56 Hansapoint 22 Jan 2008 Leasehold 60 years(a) 31 Oct 2066(a) 40 years(a) 10 Changi Business Park Central 2 98,530 97,800 0.87 0.93 1, 3 & 5 Changi Business Park Crescent 16 Feb 2009, 25 Sep 2009 & 31 Dec 2010 Leasehold 60 years(a) 30 Sep 2067(a) 41 years(a) 1, 3 & 5 Changi Business Park Crescent 355,317 353,000 3.13 3.35 DBS Asia Hub 31 Mar 2010 & 15 April 2015 Leasehold 60 years(a) 30 Sep 2067(a) 41 years(a) 2 & 2A Changi Business Park Crescent 219,072 219,000 1.93 2.08 3 Changi Business Park Vista 8 Dec 2011 Leasehold 60 years(a) 28 Feb 2061(a) 35 years(a) 3 Changi Business Park Vista 63,776 64,000 0.56 0.61 ONE@Changi City 1 Mar 2016 Leasehold 60 years 29 Apr 2069 43 years 1 Changi Business Park Central 1 528,268 528,000 4.65 5.01 Science Park I Cintech I 29 Mar 2012 Leasehold 56 years 28 Mar 2068 42 years 73 Science Park Drive 58,008 58,000 0.51 0.55 Cintech II 29 Mar 2012 Leasehold 56 years 28 Mar 2068 42 years 75 Science Park Drive 59,047 58,500 0.52 0.55 Balance carried forward – (Business Space) 3,547,195 3,404,200 31.21 32.26
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 12 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Investment Properties Portfolio Statement As at 30 June 2026 Description of property Acquisition date Tenure Term of lease Lease expiry Remaining term of lease Location Carrying amount Percentage of net assets attributable to unitholders 30/06/2026 31/12/2025 30/06/2026 31/12/2025 $’000 $’000 % % SINGAPORE Business Space and Life Sciences (continued) Balance brought forward – (Business Space) 3,547,195 3,404,200 31.21 32.26 Science Park I (continued) 12,14 & 16 Science Park Drive 16 Feb 2017 Leasehold 64 years 30 May 2081 55 years 12, 14 and 16 Science Park Drive 513,700 513,700 4.52 4.87 5 Science Park Drive 6 Aug 2025 Leasehold 64 years 31 May 2081 55 years 5 Science Park Drive 265,118 265,100 2.33 2.51 Science Park II The Alpha 19 Nov 2002 Leasehold 60 years 18 Nov 2062 36 years 10 Science Park Road 121,079 120,700 1.07 1.14 The Capricorn 19 Nov 2002 Leasehold 60 years 18 Nov 2062 36 years 1 Science Park Road 126,464 126,400 1.11 1.20 FM Global Centre 11 Dec 2019 Leasehold 99 years 23 Mar 2092 66 years 288 Pasir Panjang Road 117,700 117,700 1.04 1.12 Total Singapore Business Space 4,691,256 4,547,800 41.28 43.10 Life Sciences one-north Neuros & Immunos 31 Mar 2011 Leasehold 60 years 31 Jan 2065 39 years 8/8A Biomedical Grove 162,979 163,000 1.43 1.55 Nucleos 11 Dec 2019 Leasehold 60 years 31 May 2071 45 years 21 Biopolis Road 404,396 404,600 3.56 3.84 Science Park I The Rutherford & Oasis 26 Mar 2008 Leasehold 60 years 25 Mar 2068 42 years 87 & 89 Science Park Drive 99,725 99,800 0.88 0.95 Cintech III & IV 29 Mar 2012 Leasehold 56 years 28 Mar 2068 42 years 77 & 79 Science Park Drive 124,854 125,000 1.10 1.18 Balance carried forward – (Life Sciences) 791,954 792,400 6.97 7.52
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 13 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Investment Properties Portfolio Statement As at 30 June 2026 Description of property Acquisition date Tenure Term of lease Lease expiry Remaining term of lease Location Carrying amount Percentage of net assets attributable to unitholders 30/06/2026 31/12/2025 30/06/2026 31/12/2025 $’000 $’000 % % SINGAPORE Business Space and Life Sciences (continued) Life Sciences (continued) Balance brought forward – (Life Sciences) 791,954 792,400 6.97 7.52 Science Park II The Aries, Sparkle & Gemini (g) 19 Nov 2002 Leasehold 60 years 18 Nov 2062 36 years 41, 45 & 51 Science Park Road 222,118 222,000 1.96 2.10 The Galen 25 Mar 2013 Leasehold 66 years 24 Mar 2079 53 years 61 Science Park Road 162,364 161,700 1.43 1.53 The Kendall 30 Mar 2015 Leasehold 64 years 24 Mar 2079 53 years 50 Science Park Road 124,952 124,700 1.10 1.18 Total Singapore Life Sciences 1,301,388 1,300,800 11.46 12.33 Total Singapore Business Space and Life Sciences 5,992,644 5,848,600 52.74 55.43 Industrial and Data Centres Industrial Techlink 19 Nov 2002 Leasehold 60 years 24 Sep 2053 27 years 31 Kaki Bukit Road 3 147,928 146,700 1.30 1.39 Siemens Centre 12 Mar 2004 Leasehold 60 years(a) 15 Dec 2061(a) 35 years(a) 60 MacPherson Road 110,770 110,900 0.98 1.05 Infineon Building 1 Dec 2004 Leasehold 47 years(c) 30 Jun 2050(c) 24 years(c) 8 Kallang Sector 106,721 106,500 0.94 1.01 Techpoint 1 Dec 2004 Leasehold 65 years 31 Mar 2052 26 years 10 Ang Mo Kio Street 65 153,614 153,600 1.35 1.46 KA Centre 2 Mar 2005 Leasehold 99 years 31 May 2058 32 years 150 Kampong Ampat 54,782 54,800 0.48 0.52 Pacific Tech Centre 1 Jul 2025 Leasehold 99 years 31 Dec 2061 36 years 1 Jalan Kilang Timor 92,074 92,100 0.81 0.87 Techview 5 Oct 2005 Leasehold 60 years 8 Jul 2056 30 years 1 Kaki Bukit View 182,951 182,500 1.61 1.73 1 Jalan Kilang 27 Oct 2005 Leasehold 99 years 31 Dec 2061 36 years 1 Jalan Kilang 26,066 26,000 0.23 0.25 138 Depot Road 15 Mar 2006 Leasehold 60 years(a) 30 Nov 2064(a) 38 years(a) 138 Depot Road 109,940 110,100 0.97 1.04 2 Changi South Lane 1 Feb 2007 Leasehold 60 years(a) 15 Oct 2057(a) 31 years(a) 2 Changi South Lane 42,151 42,100 0.37 0.40 Balance carried forward – (Industrial) 1,026,997 1,025,300 9.04 9.72
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 14 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Investment Properties Portfolio Statement As at 30 June 2026 Description of property Acquisition date Tenure Term of lease Lease expiry Remaining term of lease Location Carrying amount Percentage of net assets attributable to unitholders 30/06/2026 31/12/2025 30/06/2026 31/12/2025 $’000 $’000 % % SINGAPORE Industrial and Data Centres (continued) Industrial (continued) Balance carried forward – (Industrial) 1,026,997 1,025,300 9.04 9.72 9 Serangoon North Avenue 5 25 Mar 2008 Leasehold 60 years(a) 31 Dec 2066(a) 41 years(a) 9 Serangoon North Avenue 5 15,700 15,700 0.14 0.15 Corporation Place 8 Dec 2011 Leasehold 60 years 30 Sep 2050 24 years 2 Corporation Road 133,850 133,500 1.18 1.27 80 Bendemeer Road 30 Jun 2014 Leasehold 59 years(a) 30 Dec 2068(a) 43 years 80 Bendemeer Road 229,155 229,600 2.02 2.18 Schneider Electric Building 27 Feb 2006 Leasehold 60 years 15 Nov 2055 29 years 50 Kallang Avenue 93,142 93,300 0.82 0.88 Techplace I 19 Nov 2002 Leasehold 65 years 31 Mar 2052 26 years Blk 4008–4012 Ang Mo Kio Avenue 10 160,173 160,000 1.41 1.52 Techplace II 19 Nov 2002 Leasehold 65 years 31 Mar 2052 26 years Blk 5000–5004, 5008–5014 Ang Mo Kio Avenue 5 221,926 222,000 1.95 2.10 OSIM Headquarters 20 Jun 2003 Leasehold 60 years 9 Mar 2057 31 years 65 Ubi Avenue 1 43,673 43,700 0.38 0.41 12 Woodlands Loop 29 Jul 2004 Leasehold 60 years 15 Jan 2056 30 years 12 Woodlands Loop 43,031 42,300 0.38 0.40 247 Alexandra Road 1 Dec 2004 Leasehold 99 years 25 Sep 2051 25 years 247 Alexandra Road 72,526 72,500 0.64 0.69 5 Tai Seng Drive 1 Dec 2004 Leasehold 60 years 30 Nov 2049 23 years 5 Tai Seng Drive 21,222 21,200 0.19 0.20 35 Tampines Street 92 1 Dec 2004 Leasehold 60 years 31 Jan 2052 26 years 35 Tampines Street 92 16,754 16,800 0.15 0.16 53 Serangoon North Avenue 4 27 Dec 2004 Leasehold 60 years 30 Nov 2055 29 years 53 Serangoon North Avenue 4 24,894 24,800 0.22 0.24 3 Tai Seng Drive 1 Apr 2005 Leasehold 60 years 30 Nov 2049 23 years 3 Tai Seng Drive 20,928 21,000 0.18 0.20 52 Serangoon North Avenue 4 4 Apr 2005 Leasehold 60 years 15 Sep 2055 29 years 52 Serangoon North Avenue 4 26,278 26,000 0.23 0.25 Tampines Biz-Hub 5 Oct 2005 Leasehold 60 years 30 Nov 2049 23 years 11 Tampines Street 92 25,223 25,000 0.22 0.24 455A Jalan Ahmad Ibrahim 5 Oct 2005 Leasehold 30 years 15 May 2033 7 years 455A Jalan Ahmad Ibrahim 5,637 5,700 0.05 0.05 37A Tampines Street 92 1 Dec 2005 Leasehold 60 years 31 Aug 2054 28 years 37A Tampines Street 92 22,770 22,500 0.20 0.21 Hamilton Sundstrand Building 9 Dec 2005 Leasehold 60 years(a) 28 Feb 2065(a) 39 years(a) 11 Changi North Rise 55,076 55,100 0.48 0.52 21 Changi North Rise 3 Jan 2006 & 20 Mar 2008 Leasehold 42 years(e) 30 Jun 2047(e) 21 years(e) 21 Changi North Rise 21,313 21,400 0.19 0.20 Balance carried forward – (Industrial) 2,280,268 2,277,400 20.07 21.59
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 15 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Investment Properties Portfolio Statement As at 30 June 2026 Description of property Acquisition date Tenure Term of lease Lease expiry Remaining term of lease Location Carrying amount Percentage of net assets attributable to unitholders 30/06/2026 31/12/2025 30/06/2026 31/12/2025 $’000 $’000 % % SINGAPORE Industrial (continued) Balance brought forward – (Industrial) 2,280,268 2,277,400 20.07 21.59 Ubi Biz-Hub 27 Mar 2006 Leasehold 60 years(a) 30 Jun 2056(a) 30 years(a) 150 Ubi Avenue 4 23,187 23,200 0.20 0.22 2 Senoko South Road 8 Jan 2007 Leasehold 60 years 31 May 2056 30 years 2 Senoko South Road 42,937 43,000 0.38 0.41 18 Woodlands Loop 1 Feb 2007 Leasehold 60 years(a) 15 Feb 2057(a) 31 years(a) 18 Woodlands Loop 37,186 37,000 0.33 0.35 9 Woodlands Terrace 1 Feb 2007 Leasehold 60 years 31 Dec 2054 29 years 9 Woodlands Terrace 9,015 9,000 0.08 0.09 11 Woodlands Terrace 1 Feb 2007 Leasehold 60 years 15 Jan 2056 30 years 11 Woodlands Terrace 8,875 8,900 0.08 0.08 FoodAxis @ Senoko 15 May 2007 Leasehold 60 years 15 Nov 2044 18 years 1 Senoko Avenue 104,823 104,600 0.92 0.99 31 Joo Koon Circle 30 Mar 2010 Leasehold 60 years 15 Aug 2055 29 years 31 Joo Koon Circle 39,570 39,600 0.35 0.38 Aperia 8 Aug 2014 Leasehold 60 years 21 Feb 2072 46 years 8, 10 & 12 Kallang Avenue 681,656 678,900 6.00 6.44 UBIX 1 Apr 2005 & 16 May 2005 Leasehold 60 years (f) 26 Dec 2055 (f) 30 years (f) 25 Ubi Road 4 75,118 75,500 0.66 0.72 622 Lorong 1 Toa Payoh 11 Jan 2023 Leasehold 29 years 31 May 2043 17 years 622 Lorong 1 Toa Payoh 113,231 113,200 1.00 1.07 Tuas Connection 30 Dec 2025 Leasehold 43 years 30 Sept 2050 24 years 1–10, 12, 14, 16, 18, 20 Tuas Loop 178,163 178,000 1.57 1.69 9 Kallang Sector 30 Dec 2025 Leasehold 40 years 25 Aug 2051 25 years 9 Kallang Sector 209,129 209,000 1.84 1.98 Total Singapore Industrial 3,803,158 3,797,300 33.48 36.01 Data Centres 5 Tampines Central 6 02 Mar 2005 Leasehold 99 years 1 Apr 2091 65 years 5 Tampines Central 6 271,052 270,900 2.39 2.57 Kim Chuan Telecommunications Complex 02 Mar 2005 Leasehold 99 years 30 Mar 2091 65 years 38 Kim Chuan Road 151,120 151,200 1.33 1.43 38A Kim Chuan Road 11 Dec 2009 Leasehold 99 years 30 Mar 2091 65 years 38A Kim Chuan Road 144,454 144,500 1.27 1.37 9 Tai Seng Drive 11 Aug 2025 Leasehold 30 years 31 May 2055 29 years 9 Tai Seng Drive 472,180 472,000 4.16 4.47 Total Singapore Data Centres 1,038,806 1,038,600 9.15 9.84 Total Singapore Industrial and Data Centres 4,841,964 4,835,900 42.63 45.85
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 16 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Investment Properties Portfolio Statement As at 30 June 2026 Description of property Acquisition date Tenure Term of lease Lease expiry Remaining term of lease Location Carrying amount Percentage of net assets attributable to unitholders 30/06/2026 31/12/2025 30/06/2026 31/12/2025 $’000 $’000 % % SINGAPORE Logistics 20 Tuas Avenue 1 19 Feb 2004 Leasehold 58 years(b) 31 Aug 2056(b) 30 years(b) 20 Tuas Avenue 1 108,981 109,000 0.96 1.03 LogisTech 4 Mar 2004 Leasehold 60 years 15 Nov 2056 30 years 3 Changi North Street 2 69,262 69,000 0.61 0.66 Changi Logistics Centre 9 Mar 2004 Leasehold 60 years 15 Oct 2050 24 years 19 Loyang Way 86,711 86,000 0.76 0.82 4 Changi South Lane 31 May 2004 Leasehold 60 years(a) 15 Oct 2057(a) 31 years(a) 4 Changi South Lane 29,993 30,000 0.26 0.28 40 Penjuru Lane 21 Jul 2004 Leasehold 48 years 31 Dec 2049 24 years 40 Penjuru Lane 286,774 283,000 2.53 2.68 Xilin Districentre A & B 2 Dec 2004 Leasehold 60 years 31 May 2054 28 years 3 Changi South Street 2 42,518 42,400 0.37 0.40 20 Tuas Avenue 6 2 Dec 2004 Leasehold 60 years 15 Jul 2050 24 years 20 Tuas Avenue 6 9,900 9,900 0.09 0.09 Xilin Districentre D 9 Dec 2004 Leasehold 60 years 31 Oct 2055 29 years 6 Changi South Street 2 31,958 32,000 0.28 0.30 Xilin Districentre C 5 May 2005 Leasehold 60 years 30 Sep 2054 28 years 7 Changi South Street 2 32,223 32,100 0.28 0.30 1 Changi South Lane 5 Oct 2005 Leasehold 60 years(a) 31 Aug 2058(a) 32 years(a) 1 Changi South Lane 63,748 64,000 0.56 0.61 21 Changi South Avenue 2 19 Mar 2008 Leasehold 60 years 30 Sep 2054 28 years 21 Changi South Avenue 2 27,941 28,000 0.25 0.27 15 Changi North Way 29 Jul 2008 Leasehold 60 years(a) 31 Dec 2066(a) 41 years(a) 15 Changi North Way 54,973 55,000 0.48 0.52 Pioneer Hub 12 Aug 2008 Leasehold 30 years 30 Nov 2036 10 years 15 Pioneer Walk 117,755 118,000 1.04 1.12 71 Alps Avenue 2 Sep 2009 Leasehold 60 years(a) 14 Aug 2068(a) 42 years(a) 71 Alps Avenue 27,047 27,000 0.24 0.26 90 Alps Avenue 20 Jan 2012 Leasehold 60 years 22 Oct 2070 44 years 90 Alps Avenue 75,958 76,000 0.67 0.72 Courts Megastore 30 Nov 2006 Leasehold 30 years 31 Dec 2035 10 years 50 Tampines North Drive 2 52,089 52,000 0.46 0.49 Giant Hypermart 6 Feb 2007 Leasehold 30 years 31 Dec 2035 10 years 21 Tampines North Drive 2 64,061 64,000 0.56 0.61 5 Toh Guan Road East 28 Dec 2004 Leasehold 60 years 15 Dec 2049 23 years 5 Toh Guan Road East 135,658 133,000 1.20 1.26 1 Buroh Lane 2 Feb 2023 Leasehold 30 years 20 Feb 2043 17 years 1 Buroh Lane 194,285 196,000 1.71 1.86 2 Pioneer Sector 1 30 Dec 2025 Leasehold 30 years 30 Sep 2046 20 years 2 Pioneer Sector 1 204,144 204,000 1.80 1.93 Total Singapore Logistics 1,715,979 1,710,400 15.11 16.21 Total Singapore investment properties 12,550,587 12,394,900 110.48 117.49
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 17 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Investment Properties Portfolio Statement As at 30 June 2026 Description of property Acquisition date Tenure Term of lease Lease expiry Remaining term of lease Location Carrying amount Percentage of net assets attributable to unitholders 30/06/2026 31/12/2025 30/06/2026 31/12/2025 $’000 $’000 % % AUSTRALIA Logistics Logistics (Sydney, New South Wales) 484–490 Great Western Highway ^ 23 Oct 2015 Freehold Freehold – – 484–490 Great Western Highway, Arndell Park 40,331 (A$44,063) 37,413 (A$44,100) 0.36 0.35 494–500 Great Western Highway ^ 23 Oct 2015 Freehold Freehold – – 494–500 Great Western Highway, Arndell Park 76,393 (A$83,463) 70,627 (A$83,250) 0.67 0.67 1A & 1B Raffles Glade ^ 18 Nov 2015 Freehold Freehold – – 1A & 1B Raffles Glade, Eastern Creek 71,809 (A$78,455) 66,597 (A$78,500) 0.63 0.63 7 Grevillea Street ^ 18 Nov 2015 Freehold Freehold – – 7 Grevillea Street, Eastern Creek 166,150 (A$181,525) 153,979 (A$181,500) 1.46 1.46 5 Eucalyptus Place ^ 18 Nov 2015 Freehold Freehold – – 5 Eucalyptus Place, Eastern Creek 43,031 (A$47,013) 39,873 (A$47,000) 0.38 0.38 16 Kangaroo Avenue ^ 18 Nov 2015 Freehold Freehold – – 16 Kangaroo Avenue, Eastern Creek 71,520 (A$78,139) 66,173 (A$78,000) 0.63 0.63 1–15 Kellet Close ^ 18 Nov 2015 Freehold Freehold – – 1–15 Kellet Close, Erskine Park 73,835 (A$80,668) 68,506 (A$80,750) 0.65 0.65 94 Lenore Drive ^ 18 Nov 2015 Freehold Freehold – – 94 Lenore Drive, Erskine Park 77,613 (A$84,795) 71,687 (A$84,500) 0.68 0.68 1 Distribution Place ^ 18 Nov 2015 Freehold Freehold – – 1 Distribution Place, Seven Hills 48,680 (A$53,185) 45,176 (A$53,250) 0.43 0.43 6–20 Clunies Ross Street 22 Feb 2016 Freehold Freehold – – 6–20 Clunies Ross Street, Pemulway 118,321 (A$129,270) 108,167 (A$127,500) 1.04 1.03 7 Kiora Crescent 24 Feb 2022 Freehold Freehold – – 7 Kiora Crescent, Yennora 42,069 (A$45,962) 39,025 (A$46,000) 0.37 0.37 Balance carried forward – (Logistics) 829,752 (A$906,538) 767,223 (A$904,350) 7.30 7.28
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 18 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Investment Properties Portfolio Statement As at 30 June 2026 Description of property Acquisition date Tenure Term of lease Lease expiry Remaining term of lease Location Carrying amount Percentage of net assets attributable to unitholders 30/06/2026 31/12/2025 30/06/2026 31/12/2025 $’000 $’000 % % AUSTRALIA Logistics Balance brought forward – (Logistics) 829,752 (A$906,538) 767,223 (A$904,350) 7.30 7.28 Logistics (Melbourne, Victoria) 676–698 Kororoit Creek Road ^ 23 Oct 2015 Freehold Freehold – – 676–698 Kororoit Creek Road, Altona North 78,755 (A$86,043) 72,960 (A$86,000) 0.69 0.69 700–718 Kororoit Creek Road ^ 23 Oct 2015 Freehold Freehold – – 700–718 Kororoit Creek Road, Altona North 50,418 (A$55,084) 46,660 (A$55,000) 0.44 0.44 14–28 Ordish Road ^ 18 Nov 2015 Freehold Freehold – – 14–28 Ordish Road, Dandenong South 62,332 (A$68,100) 57,689 (A$68,000) 0.55 0.55 35–61 South Park Drive ^ 18 Nov 2015 Freehold Freehold – – 35–61 South Park Drive, Dandenong South 58,256 (A$63,647) 53,871 (A$63,500) 0.51 0.51 2–16 Aylesbury Drive ^ 18 Nov 2015 Freehold Freehold – – 2–16 Aylesbury Drive, Altona 32,207 (A$35,187) 29,693 (A$35,000) 0.29 0.28 81–89 Drake Boulevard ^ 18 Nov 2015 Freehold Freehold – – 81–89 Drake Boulevard, Altona 25,837 (A$28,228) 23,754 (A$28,000) 0.23 0.23 9 Andretti Court ^ 18 Nov 2015 Freehold Freehold – – 9 Andretti Court, Truganina 45,761 (A$49,995) 42,419 (A$50,000) 0.40 0.40 31 Permas Way ^ 18 Nov 2015 Freehold Freehold – – 31 Permas Way, Truganina 72,169 (A$78,847) 67,021 (A$79,000) 0.64 0.64 162 Australis Drive ^ 18 Nov 2015 Freehold Freehold – – 162 Australis Drive, Derrimut 43,516 (A$47,543) 40,298 (A$47,500) 0.38 0.38 52 Fox Drive 3 April 2017 Freehold Freehold – – 52 Fox Drive, Dandenong South 37,981 (A$41,496) 35,207 (A$41,500) 0.33 0.33 169–177 Australis Drive 4 June 2018 Freehold Freehold – – 169–177 Australis Drive, Derrimut 56,846 (A$62,107) 52,599 (A$62,000) 0.50 0.50 Balance carried forward – (Logistics) 1,393,830 (A$1,522,815) 1,289,394 (A$1,519,850) 12.26 12.23
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 19 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Investment Properties Portfolio Statement As at 30 June 2026 Description of property Acquisition date Tenure Term of lease Lease expiry Remaining term of lease Location Carrying amount Percentage of net assets attributable to unitholders 30/06/2026 31/12/2025 30/06/2026 31/12/2025 $’000 $’000 % % AUSTRALIA Logistics (continued) Balance brought forward – (Logistics) 1,393,830 (A$1,522,815) 1,289,394 (A$1,519,850) 12.26 12.23 Logistics (Brisbane, Queensland) 99 Radius Drive ^ 18 Nov 2015 Freehold Freehold – – 99 Radius Drive, Larapinta 29,847 (A$32,609) 27,784 (A$32,750) 0.26 0.26 1–7 Wayne Goss Drive 07 Sep 2018 Freehold Freehold – – 1–7 Wayne Goss Drive, Berrinba 38,119 (A$41,646) 34,783 (A$41,000) 0.34 0.33 Cargo Business Park 17 Sep 2018 Freehold Freehold – – 56 Lavarack Ave, Eagle Farm 29,763 (A$32,518) 27,572 (A$32,500) 0.26 0.26 500 Green Road 11 Feb 2022 Freehold Freehold – – 500 Green Road, Crestmead 76,493 (A$83,571) 71,263 (A$84,000) 0.67 0.68 Logistics (Perth, Western Australia) 35 Baile Road ^ 23 Oct 2015 Freehold Freehold – – 35 Baile Road, Canning Vale 44,008 (A$48,080) 40,722 (A$48,000) 0.39 0.39 Total Australia Logistics 1,612,060 (A$1,761,239) 1,491,518 (A$1,758,100) 14.18 14.15
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 20 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Investment Properties Portfolio Statement As at 30 June 2026 Description of property Acquisition date Tenure Term of lease Lease expiry Remaining term of lease Location Carrying amount Percentage of net assets attributable to unitholders 30/06/2026 31/12/2025 30/06/2026 31/12/2025 $’000 $’000 % % AUSTRALIA Business Space Business Space (Sydney, New South Wales) 197–201 Coward Street 9 Sep 2016 Freehold Freehold – – 197–201 Coward Street, Mascot 145,995 (A$159,505) 133,618 (A$157,500) 1.29 1.27 1–5 Thomas Holt Drive 13 Jan 2021 Freehold Freehold – – 1–5 Thomas Holt Drive, Macquarie Park 183,805 (A$200,814) 167,129 (A$197,000) 1.62 1.58 MQX4 17 Oct 2023 Freehold Freehold – – 1 Giffnock Avenue, Macquarie Park 131,225 (A$143,368) 121,402 (A$143,100) 1.16 1.15 Business Space (Brisbane, Queensland) 100 Wickham Street 25 Sep 2017 Freehold Freehold – – 100 Wickham Street, Fortitude Valley 56,988 (A$62,262) 52,599 (A$62,000) 0.50 0.50 108 Wickham Street 22 Dec 2017 Freehold Freehold – – 108 Wickham Street, Fortitude Valley 59,755 (A$65,285) 55,144 (A$65,000) 0.53 0.52 Business Space (Melbourne, Victoria) 254 Wellington Road 11 Sep 2020 Freehold Freehold – – 254 Wellington Road, Mulgrave 81,889 (A$89,467) 76,353 (A$90,000) 0.72 0.72 Total Australia Business Space 659,657 (A$720,701) 606,245 (A$714,600) 5.82 5.74 Total Australia investment properties 2,271,717 (A$2,481,940) 2,097,763 (A$2,472,700) 20.00 19.89
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 21 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Investment Properties Portfolio Statement As at 30 June 2026 Description of property Acquisition date Tenure Term of lease Lease expiry Remaining term of lease Location Carrying amount Percentage of net assets attributable to unitholders 30/06/2026 31/12/2025 30/06/2026 31/12/2025 $’000 $’000 % % UNITED KINGDOM / EUROPE Logistics Logistics (East England, United Kingdom) Market Garden Road 16 Aug 2018 Freehold Freehold – – Market Garden Road, Stratton Business Park, Biggleswade 30,725 (GBP18,008) 30,794 (GBP18,000) 0.27 0.29 Logistics (East Midlands, United Kingdom) Common Road 16 Aug 2018 Freehold Freehold – – Common Road, Fullwood Industrial Estate, Huthwaite, Sutton-in-Ashfield 40,785 (GBP23,905) 40,972 (GBP23,950) 0.36 0.39 Units 1–5, Export Drive 16 Aug 2018 Freehold Freehold – – Units 1–5, Export Drive, Huthwaite, Sutton-in-Ashfield 3,937 (GBP2,307) 3,935 (GBP2,300) 0.03 0.04 Logistics (North West England, United Kingdom) Transpennine 200 16 Aug 2018 Freehold Freehold – – Transpennine 200, Pilsworth Road, Heywood, Greater Manchester 14,732 (GBP8,635) 14,884 (GBP8,700) 0.13 0.14 Leacroft Road 4 Oct 2018 Freehold Freehold – – Leacroft Road, Birchwood, Warrington 13,149 (GBP7,707) 13,173 (GBP7,700) 0.12 0.12 Hawleys Lane 4 Oct 2018 Leasehold 965 years 22 Nov 2962 936 years Hawleys Lane, Warrington 21,317 (GBP12,494) 20,529 (GBP12,000) 0.19 0.19 8 Leacroft Road 4 Oct 2018 Freehold Freehold – – 8 Leacroft Road, Birchwood, Warrington 11,018 (GBP6,458) 11,034 (GBP6,450) 0.10 0.10 Balance carried forward – (Logistics) 135,663 (GBP79,514) 135,321 (GBP79,100) 1.20 1.27
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 22 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Investment Properties Portfolio Statement As at 30 June 2026 Description of property Acquisition date Tenure Term of lease Lease expiry Remaining term of lease Location Carrying amount Percentage of net assets attributable to unitholders 30/06/2026 31/12/2025 30/06/2026 31/12/2025 $’000 $’000 % % UNITED KINGDOM / EUROPE Logistics (continued) Balance brought forward – (Logistics) 135,663 (GBP79,514) 135,321 (GBP79,100) 1.20 1.27 Logistics (South East England, United Kingdom) Howard House 16 Aug 2018 Leasehold 999 years 28 Nov 3004 978 years Howard House, Howard Way, Interchange Park, Newport Pagnell 45,569 (GBP26,708) 45,677 (GBP26,700) 0.40 0.43 Units 1–2, Tower Lane 16 Aug 2018 Freehold Freehold – – Units 1–2, Tower Lane, Stoke Park, Tower Industrial Estate, Eastleigh 23,148 (GBP13,567) 23,181 (GBP13,550) 0.20 0.22 Lodge Road 4 Oct 2018 Freehold Freehold – – Lodge Road, Staplehurst, Kent 21,682 (GBP12,708) 21,727 (GBP12,700) 0.19 0.21 – – Logistics (West Midlands, United Kingdom) Eastern Avenue 16 Aug 2018 Freehold Freehold – – Eastern Avenue, Derby Road, Burton-on-Trent 29,103 (GBP17,058) 29,168 (GBP17,050) 0.26 0.28 Vernon Road 16 Aug 2018 Freehold Freehold – – Vernon Road, Stoke-on-Trent 28,848 (GBP16,908) 28,912 (GBP16,900) 0.25 0.28 1 Sun Street 4 Oct 2018 Freehold Freehold – – 1 Sun Street, Wolverhampton 50,236 (GBP29,444) 50,467 (GBP29,500) 0.44 0.48 The Triangle 4 Oct 2018 Freehold Freehold – – The Triangle, North View, Walsgrave, Coventry 28,848 (GBP16,908) 28,912 (GBP16,900) 0.25 0.27 Unit 103, Stonebridge Cross Business Park 4 Oct 2018 Freehold Freehold – – Unit 103, Pointon Way, Stonebridge Cross Business Park, Droitwich 2,653 (GBP1,555) 2,652 (GBP1,550) 0.02 0.03 Balance brought forward – (Logistics) 365,750 (GBP214,370) 366,017 (GBP213,950) 3.21 3.47
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 23 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Investment Properties Portfolio Statement As at 30 June 2026 Description of property Acquisition date Tenure Term of lease Lease expiry Remaining term of lease Location Carrying amount Percentage of net assets attributable to unitholders 30/06/2026 31/12/2025 30/06/2026 31/12/2025 $’000 $’000 % % UNITED KINGDOM / EUROPE Logistics (continued) Balance brought forward – (Logistics) 365,750 (GBP214,370) 366,017 (GBP213,950) 3.21 3.47 Logistics (West Midlands, United Kingdom) (continued) Unit 302, Stonebridge Cross Business Park 4 Oct 2018 Freehold Freehold – – Unit 302, Pointon Way, Stonebridge Cross Business Park, Droitwich 42,412 (GBP24,858) 42,512 (GBP24,850) 0.37 0.40 Unit 401, Stonebridge Cross Business Park 4 Oct 2018 Freehold Freehold – – Unit 401, Pointon Way, Stonebridge Cross Business Park, Droitwich 11,181 (GBP6,553) 11,120 (GBP6,500) 0.10 0.11 Unit 402, Stonebridge Cross Business Park 4 Oct 2018 Freehold Freehold – – Unit 402, Pointon Way, Stonebridge Cross Business Park, Droitwich 6,409 (GBP3,756) 6,415 (GBP3,750) 0.06 0.06 Unit 404, Stonebridge Cross Business Park 4 Oct 2018 Freehold Freehold – – Unit 404, Pointon Way, Stonebridge Cross Business Park, Droitwich 8,865 (GBP5,196) 8,896 (GBP5,200) 0.08 0.09 Unit 1, Wellesbourne Distribution Park 4 Oct 2018 Freehold Freehold – – Unit 1, Wellesbourne Distribution Park, Wellesbourne, Warwick 47,714 (GBP27,966) 47,901 (GBP28,000) 0.42 0.45 Unit 2, Wellesbourne Distribution Park 4 Oct 2018 Freehold Freehold – – Unit 2, Wellesbourne Distribution Park, Wellesbourne, Warwick 29,872 (GBP17,508) 29,938 (GBP17,500) 0.26 0.28 Balance carried forward – (Logistics) 512,203 (GBP300,207) 512,799 (GBP299,750) 4.50 4.86
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 24 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Investment Properties Portfolio Statement As at 30 June 2026 Description of property Acquisition date Tenure Term of lease Lease expiry Remaining term of lease Location Carrying amount Percentage of net assets attributable to unitholders 30/06/2026 31/12/2025 30/06/2026 31/12/2025 $’000 $’000 % % UNITED KINGDOM / EUROPE Logistics (continued) Balance brought forward – (Logistics) 512,203 (GBP300,207) 512,799 (GBP299,750) 4.50 4.86 Logistics (West Midlands, United Kingdom) (continued) Unit 3, Wellesbourne Distribution Park 4 Oct 2018 Freehold Freehold – – Unit 3, Wellesbourne Distribution Park, Wellesbourne, Warwick 47,786 (GBP28,008) 47,901 (GBP28,000) 0.42 0.46 Unit 4, Wellesbourne Distribution Park 4 Oct 2018 Freehold Freehold – – Unit 4, Wellesbourne Distribution Park, Wellesbourne, Warwick 12,023 (GBP7,047) 12,061 (GBP7,050) 0.11 0.11 Unit 5, Wellesbourne Distribution Park 4 Oct 2018 Freehold Freehold – – Unit 5, Wellesbourne Distribution Park, Wellesbourne, Warwick 12,194 (GBP7,147) 12,232 (GBP7,150) 0.11 0.12 Unit 8, Wellesbourne Distribution Park 4 Oct 2018 Freehold Freehold – – Unit 8, Wellesbourne Distribution Park, Wellesbourne, Warwick 21,130 (GBP12,384) 21,213 (GBP12,400) 0.19 0.20 Unit 13, Wellesbourne Distribution Park 4 Oct 2018 Freehold Freehold – – Unit 13, Wellesbourne Distribution Park, Wellesbourne, Warwick 11,827 (GBP6,932) 11,890 (GBP6,950) 0.11 0.11 Unit 14, Wellesbourne Distribution Park 4 Oct 2018 Freehold Freehold – – Unit 14, Wellesbourne Distribution Park, Wellesbourne, Warwick 16,040 (GBP9,401) 16,081 (GBP9,400) 0.14 0.15 Unit 16, Wellesbourne Distribution Park 4 Oct 2018 Freehold Freehold – – Unit 16, Wellesbourne Distribution Park, Wellesbourne, Warwick 3,761 (GBP2,204) 3,763 (GBP2,200) 0.03 0.04 Unit 17, Wellesbourne Distribution Park 4 Oct 2018 Freehold Freehold – – Unit 17, Wellesbourne Distribution Park, Wellesbourne, Warwick 2,297 (GBP1,346) 2,310 (GBP1,350) 0.02 0.02 Unit 18, Wellesbourne Distribution Park 4 Oct 2018 Freehold Freehold – – Unit 18, Wellesbourne Distribution Park, Wellesbourne, Warwick 1,962 (GBP1,150) 1,967 (GBP1,150) 0.02 0.02 Unit 19, Wellesbourne Distribution Park 4 Oct 2018 Freehold Freehold – – Unit 19, Wellesbourne Distribution Park, Wellesbourne, Warwick 2,315 (GBP1,357) 2,310 (GBP1,350) 0.02 0.02 Unit 20, Wellesbourne Distribution Park 4 Oct 2018 Freehold Freehold – – Unit 20, Wellesbourne Distribution Park, Wellesbourne, Warwick 4,860 (GBP2,848) 4,876 (GBP2,850) 0.04 0.05 Balance carried forward – (Logistics) 648,398 (GBP380,031) 649,403 (GBP379,600) 5.71 6.16
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 25 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Investment Properties Portfolio Statement As at 30 June 2026 Description of property Acquisition date Tenure Term of lease Lease expiry Remaining term of lease Location Carrying amount Percentage of net assets attributable to unitholders 30/06/2026 31/12/2025 30/06/2026 31/12/2025 $’000 $’000 % % UNITED KINGDOM / EUROPE Logistics (continued) Balance brought forward – (Logistics) 648,398 (GBP380,031) 649,403 (GBP379,600) 5.71 6.16 Logistics (West Midlands, United Kingdom) (continued) Unit 21, Wellesbourne Distribution Park 4 Oct 2018 Freehold Freehold – – Unit 21, Wellesbourne Distribution Park, Wellesbourne, Warwick 7,512 (GBP4,403) 7,527 (GBP4,400) 0.07 0.07 Logistics (Yorkshire and the Humber, United Kingdom) 12 Park Farm Road 16 Aug 2018 Freehold Freehold – – 12 Park Farm Road, Foxhills Industrial Estate, Scunthorpe 18,270 (GBP10,708) 18,305 (GBP10,700) 0.16 0.17 Units 1a, 1b, 2 & 3, Upwell Street 16 Aug 2018 Freehold Freehold – – Units 1a, 1b, 2 & 3, Upwell Street, Victory Park, Sheffield 36,900 (GBP21,627) 37,037 (GBP21,650) 0.33 0.35 Unit 3, Brookfields Way 16 Aug 2018 Freehold Freehold – – Unit 3, Brookfields Way, Rotherham 27,654 (GBP16,208) 27,714 (GBP16,200) 0.24 0.26 Lowfields Way 4 Oct 2018 Freehold Freehold – – Lowfields Way, Lowfields Business Park, Elland, Yorkshire 17,557 (GBP10,290) 17,621 (GBP10,300) 0.16 0.17 Logistics (Madrid, Spain) Torrejon I (i) 27 Feb 2026 Freehold Freehold – – Calle Mario Vargas Llosa 24, Torrejon de Ardoz, Madrid 66,021 (EUR44,342) – 0.58 – Torrejon II (i) 27 Feb 2026 Freehold Freehold – – Calle Mario Vargas Llosa 22, Torrejon de Ardoz, Madrid 69,857 (EUR46,918) – 0.61 – Balance carried forward – (Logistics) 892,169 (GBP443,267) and (EUR91,260) 757,607 (GBP442,850) 7.86 7.18
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 26 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Investment Properties Portfolio Statement As at 30 June 2026 Description of property Acquisition date Tenure Term of lease Lease expiry Remaining term of lease Location Carrying amount Percentage of net assets attributable to unitholders 30/06/2026 31/12/2025 30/06/2026 31/12/2025 $’000 $’000 % % UNITED KINGDOM / EUROPE Logistics (continued) Balance brought forward – (Logistics) 892,169 (GBP443,267) and (EUR91,260) 757,607 (GBP442,850) 7.86 7.18 Logistics (Barcelona, Spain) Sant Feliu I (ii) 27 Feb 2026 Freehold Freehold – – Zona Industrial 3B, Sant Feliu de Buixalleu, Spain 15,082 (EUR10,129) – 0.13 – Sant Feliu II (ii) 27 Feb 2026 Freehold Freehold – – Zona Industrial 5, Sant Feliu de Buixalleu, Spain 11,319 (EUR7,602) – 0.10 – Sant Feliu III (ii) 27 Feb 2026 Freehold Freehold – – Zona Industrial 2CB, Sant Feliu de Buixalleu, Spain 4,721 (EUR3,171) – 0.04 – Sant Feliu IV (ii) 27 Feb 2026 Freehold Freehold – – Zona Industrial 2/2B, Sant Feliu de Buixalleu, Spain 21,737 (EUR14,600) – 0.19 – Total United Kingdom / Europe Logistics 945,028 (GBP443,267) and (EUR126,762) 757,607 (GBP442,850) 8.32 7.18 Data Centres Data Centres (London, United Kingdom) Croydon 17 Mar 2021 Freehold Freehold – – Unit B, Beddington Lane, Croydon 217,195 (GBP127,300) 206,059 (GBP120,450) 1.91 1.95 Cressex Business Park 17 Mar 2021 Freehold Freehold – – Cressex Business Park, 1 Coronation Road, High Wycombe 59,655 (GBP34,964) 58,379 (GBP34,125) 0.53 0.55 The Chess Building 17 Aug 2023 Leasehold 125 years 21 Mar 2108 82 years The Chess Building, 9-17 Caxton Way, Watford 226,039 (GBP132,483) 222,398 (GBP130,000) 1.99 2.11 Balance carried forward – (Data Centres) 502,889 (GBP294,747) 486,836 (GBP284,575) 4.43 4.61
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 27 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Investment Properties Portfolio Statement As at 30 June 2026 Description of property Acquisition date Tenure Term of lease Lease expiry Remaining term of lease Location Carrying amount Percentage of net assets attributable to unitholders 30/06/2026 31/12/2025 30/06/2026 31/12/2025 $’000 $’000 % % UNITED KINGDOM / EUROPE Data Centres (continued) Balance brought forward – (Data Centres) 502,889 (GBP294,747) 486,836 (GBP284,575) 4.43 4.61 Data Centres (Manchester, United Kingdom) Reynolds House 17 Mar 2021 Leasehold 125 years 24 May 2125 99 years Plot C1, Birley Fields, Hulme, Manchester 26,215 (GBP15,365) 24,977 (GBP14,600) 0.23 0.24 Data Centres (Amsterdam, The Netherlands Paul van Vlissingenstraat 17 Mar 2021 Leasehold 50 years(h) 15 Apr 2054(h) 28 years(h) Paul van Vlissingenstraat 16, Amsterdam 72,965 (EUR49,006) 73,168 (EUR48,500) 0.64 0.69 Gyroscoopweg 17 Mar 2021 Leasehold 50 years(j) 31 Dec 2041(j) 16 years(j) Gyroscoopweg 2E and 2F, Amsterdam 27,768 (EUR18,650) 28,136 (EUR18,650) 0.25 0.27 Cateringweg 17 Mar 2021 Leasehold 50 years(k) 18 Dec 2059(k) 33 years(k) Cateringweg 5, Schiphol 74,274 (EUR49,885) 74,903 (EUR49,650) 0.65 0.71 Data Centres (Paris, France) Montigny-le-Bretonneux 17 Mar 2021 Freehold Freehold – – 1 Rue Jean Pierre Timbaud, Montigny le Bretonneux 110,287 (EUR74,073) 111,185 (EUR73,700) 0.97 1.05 Saclay 17 Mar 2021 Freehold Freehold – – Route de Bievres and Route Nationale 306, Saclay 9,270 (EUR6,226) 9,157 (EUR6,070) 0.08 0.09 Bievres 17 Mar 2021 Freehold Freehold – – 127 Rue de Paris, Bievres 46,491 (EUR31,225) 46,804 (EUR31,024) 0.41 0.44 Data Centres (Geneva, Switzerland) Chemin de L’Epinglier 17 Mar 2021 Leasehold 90 years(l) 30 Jun 2074(l) 48 years(l) Chemin de L’Epinglier 2, Satiny 47,496 (EUR31,900) 48,125 (EUR31,900) 0.42 0.46 Total United Kingdom / Europe Data Centres 917,655 (GBP310,112) and (EUR260,965) 903,291 (GBP299,175) and (EUR259,494) 8.08 8.56 Total United Kingdom / Europe investment properties 1,862,683 (GBP753,379) and (EUR387,727) 1,660,898 (GBP742,025) and (EUR259,494) 16.40 15.74
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 28 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Investment Properties Portfolio Statement As at 30 June 2026 Description of property Acquisition date Tenure Term of lease Lease expiry Remaining term of lease Location Carrying amount Percentage of net assets attributable to unitholders 30/06/2026 31/12/2025 30/06/2026 31/12/2025 $’000 $’000 % % UNITED STATES Business Space Business Space (San Diego, California) 5005 & 5010 Wateridge 11 Dec 2019 Freehold Freehold – – 5005 & 5010 Wateridge Vista Drive 64,885 (USD50,670) 55,579 (USD42,800) 0.57 0.53 10020 Pacific Mesa Boulevard 11 Dec 2019 Freehold Freehold – – 10020 Pacific Mesa Boulevard 165,920 (USD129,570) 168,814 (USD130,000) 1.46 1.60 15051 Avenue of Science 11 Dec 2019 Freehold Freehold – – 15051 Avenue of Science 35,659 (USD27,847) 36,230 (USD27,900) 0.31 0.34 15073 Avenue of Science 11 Dec 2019 Freehold Freehold – – 15073 Avenue of Science 23,101 (USD18,040) 23,504 (USD18,100) 0.20 0.22 15231, 15253 & 15333 Avenue of Science 11 Dec 2019 Freehold Freehold – – 15231, 15253 & 15333 Avenue of Science 81,606 (USD63,728) 82,719 (USD63,700) 0.72 0.78 15378 Avenue of Science 11 Dec 2019 Freehold Freehold – – 15378 Avenue of Science 29,255 (USD22,846) 29,737 (USD22,900) 0.26 0.28 15435 & 15445 Innovation Drive 11 Dec 2019 Freehold Freehold – – 15435 & 15445 Innovation Drive 42,127 (USD32,898) 42,333 (USD32,600) 0.37 0.40 Business Space (San Francisco, California) 505 Brannan Street 21 Nov 2020 Freehold Freehold – – 505 Brannan Street 202,325 (USD158,000) 205,174 (USD158,000) 1.78 1.95 510 Townsend Street 21 Nov 2020 Freehold Freehold – – 510 Townsend Street 334,221 (USD261,000) 338,927 (USD261,000) 2.94 3.21 Balance carried forward – (Business Space) 979,099 (USD764,599) 983,017 (USD757,000) 8.61 9.31
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 29 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Investment Properties Portfolio Statement As at 30 June 2026 Description of property Acquisition date Tenure Term of lease Lease expiry Remaining term of lease Location Carrying amount Percentage of net assets attributable to unitholders 30/06/2026 31/12/2025 30/06/2026 31/12/2025 $’000 $’000 % % UNITED STATES (continued) Business Space (continued) Balance brought forward – (Business Space) 979,099 (USD764,599) 983,017 (USD757,000) 8.61 9.31 Business Space (Raleigh, North Carolina) 5200 East & West Paramount Parkway 11 Dec 2019 Freehold Freehold – – 5200 East & West Paramount Parkway, Morrisville 37,296 (USD29,125) 38,308 (USD29,500) 0.33 0.36 Perimeter One 11 Dec 2019 Freehold Freehold – – 3005 Carrington Mill Boulevard, Morrisville 52,029 (USD40,630) 53,371 (USD41,100) 0.46 0.51 Perimeter Two 11 Dec 2019 Freehold Freehold – – 3020 Carrington Mill Boulevard, Morrisville 46,876 (USD36,606) 45,060 (USD34,700) 0.41 0.43 Perimeter Three 11 Dec 2019 Freehold Freehold – – 3015 Carrington Mill Boulevard, Morrisville 75,123 (USD58,665) 76,486 (USD58,900) 0.67 0.72 Perimeter Four 11 Dec 2019 Freehold Freehold – – 3025 Carrington Mill Boulevard, Morrisville 46,325 (USD36,176) 47,008 (USD36,200) 0.41 0.45 – – Business Space (Portland, Oregon) Heartwood 11 Dec 2019 Freehold Freehold – – 15220 NW Greenbrier Parkway, Beaverton 25,692 (USD20,063) 26,101 (USD20,100) 0.23 0.25 The Commons 11 Dec 2019 Freehold Freehold – – 15455 NW Greenbrier Parkway, Beaverton 11,395 (USD8,899) 11,427 (USD8,800) 0.10 0.11 Greenbrier Court 11 Dec 2019 Freehold Freehold – – 14600–14700 NW Greenbrier Parkway, Beaverton 17,131 (USD13,378) 17,531 (USD13,500) 0.15 0.16 Balance carried forward – (Business Space) 1,290,966 (USD1,008,141) 1,298,309 (USD999,800) 11.37 12.30
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 30 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Investment Properties Portfolio Statement As at 30 June 2026 Description of property Acquisition date Tenure Term of lease Lease expiry Remaining term of lease Location Carrying amount Percentage of net assets attributable to unitholders 30/06/2026 31/12/2025 30/06/2026 31/12/2025 $’000 $’000 % % UNITED STATES Business Space (continued) Balance brought forward – (Business Space) 1,290,966 (USD1,008,141) 1,298,309 (USD999,800) 11.37 12.30 Business Space (Portland, Oregon) (continued) Ridgeview 11 Dec 2019 Freehold Freehold – – 15201 NW Greenbrier Parkway, Beaverton 17,053 (USD13,317) 17,401 (USD13,400) 0.15 0.16 Waterside 11 Dec 2019 Freehold Freehold – – 14908, 14924, 15247 and 15272 NW Greenbrier Parkway, Beaverton 23,988 (USD18,733) 23,894 (USD18,400) 0.21 0.23 8300 Creekside 11 Dec 2019 Freehold Freehold – – 8300 SW Creekside Place, Beaverton 11,127 (USD8,689) 11,168 (USD8,600) 0.10 0.11 8305 Creekside 11 Dec 2019 Freehold Freehold – – 8305 SW Creekside Place, Beaverton 3,687 (USD2,879) 3,766 (USD2,900) 0.03 0.04 8405 Nimbus 11 Dec 2019 Freehold Freehold – – 8405 SW Nimbus Avenue, Beaverton 8,573 (USD6,694) 8,960 (USD6,900) 0.07 0.09 8500 Creekside 11 Dec 2019 Freehold Freehold – – 8500 SW Creekside Place, Beaverton 14,982 (USD11,700) 15,193 (USD11,700) 0.13 0.14 Creekside 5 11 Dec 2019 Freehold Freehold – – 8705 SW Nimbus Avenue, Beaverton 9,417 (USD7,354) 9,609 (USD7,400) 0.08 0.09 Creekside 6 11 Dec 2019 Freehold Freehold – – 8905 SW Nimbus Avenue, Beaverton 15,795 (USD12,335) 15,843 (USD12,200) 0.14 0.15 9205 Gemini 11 Dec 2019 Freehold Freehold – – 9205 SW Gemini Drive, Beaverton 7,420 (USD5,795) 7,532 (USD5,800) 0.06 0.07 9405 Gemini 11 Dec 2019 Freehold Freehold – – 9405 SW Gemini Drive, Beaverton 8,535 (USD6,665) 8,700 (USD6,700) 0.08 0.08 Total United States Business Space 1,411,543 (USD1,102,302) 1,420,375 (USD1,093,800) 12.42 13.46
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 31 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Investment Properties Portfolio Statement As at 30 June 2026 Description of property Acquisition date Tenure Term of lease Lease expiry Remaining term of lease Location Carrying amount Percentage of net assets attributable to unitholders 30/06/2026 31/12/2025 30/06/2026 31/12/2025 $’000 $’000 % % UNITED STATES Life Science Life Science (San Diego, California) 6055 Lusk Boulevard 11 Dec 2019 Freehold Freehold – – 6055 Lusk Boulevard 150,741 (USD117,717) 153,231 (USD118,000) 1.33 1.45 Total United States Life Science 150,741 (USD117,717) 153,231 (USD118,000) 1.33 1.45 Total United States Business Space and Life Science 1,562,284 (USD1,220,019) 1,573,606 (USD1,211,800) 13.75 14.91 Logistics Logistics (Kansas City, Kansas / Missouri) Crossroads Distribution Center 5 Nov 2021 Freehold Freehold – – 11350 Strang Line Road 15,455 (USD12,069) 15,713 (USD12,100) 0.14 0.15 Lackman Business Center 1–3 5 Nov 2021 Freehold Freehold – – 15300–15610 West 101st Terrace 37,374 (USD29,186) 37,788 (USD29,100) 0.33 0.36 Lackman Business Center 4 5 Nov 2021 Freehold Freehold – – 15555 – 15607 West 100th Terrace 8,220 (USD6,419) 8,311 (USD6,400) 0.07 0.08 Continental Can 5 Nov 2021 Freehold Freehold – – 11725 West 85th Street 15,415 (USD12,038) 15,713 (USD12,100) 0.14 0.15 North Topping 5 Nov 2021 Freehold Freehold – – 1501–1599 North Topping Avenue 10,366 (USD8,095) 10,518 (USD8,100) 0.09 0.10 Warren 5 Nov 2021 Freehold Freehold – – 1902–1930 Warren Street 19,684 (USD15,372) 19,998 (USD15,400) 0.17 0.19 Quebec 5 Nov 2021 Freehold Freehold – – 1253–1333 Quebec Street 22,586 (USD17,638) 20,907 (USD16,100) 0.20 0.20 Saline 5 Nov 2021 Freehold Freehold – – 1234–1250 Saline Street 9,537 (USD7,448) 9,739 (USD7,500) 0.08 0.09 Levee 5 Nov 2021 Freehold Freehold – – 1746 Levee Road 16,975 (USD13,256) 17,271 (USD13,300) 0.15 0.16 Balance carried forward – (Logistics) 155,612 (USD121,521) 155,958 (USD120,100) 1.37 1.48
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 32 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Investment Properties Portfolio Statement As at 30 June 2026 Description of property Acquisition date Tenure Term of lease Lease expiry Remaining term of lease Location Carrying amount Percentage of net assets attributable to unitholders 30/06/2026 31/12/2025 30/06/2026 31/12/2025 $’000 $’000 % % UNITED STATES Logistics (continued) Balance brought forward – (Logistics) 155,612 (USD121,521) 155,958 (USD120,100) 1.37 1.48 Logistics (Kansas City, Kansas / Missouri) Airworld 1 5 Nov 2021 Freehold Freehold – – 10707–10715 Airworld Drive 14,027 (USD10,954) 13,895 (USD10,700) 0.12 0.13 Airworld 2 5 Nov 2021 Freehold Freehold – – 10717 Airworld Drive 14,310 (USD11,175) 14,544 (USD11,200) 0.13 0.14 Logistics (Chicago, Illinois) 540–570 Congress Circle South 10 Jun 2022 Freehold Freehold – – 540–570 Congress Circle South, Roselle 13,052 (USD10,193) 13,245 (USD10,200) 0.11 0.13 490 Windy Point Drive 10 Jun 2022 Freehold Freehold – – 490 Windy Point Drive, Glendale Heights 6,154 (USD4,806) 6,233 (USD4,800) 0.05 0.06 472–482 Thomas Drive 10 Jun 2022 Freehold Freehold – – 472–482 Thomas Drive, Bensenville 19,041 (USD14,869) 18,310 (USD14,100) 0.17 0.17 13144 South Pulaski Road 10 Jun 2022 Freehold Freehold – – 13144 South Pulaski Road, Alsip 30,614 (USD23,907) 30,646 (USD23,600) 0.27 0.29 3950 Sussex Avenue 10 Jun 2022 Freehold Freehold – – 3950 Sussex Avenue, Aurora 5,374 (USD4,197) 5,454 (USD4,200) 0.05 0.05 2500 South 25th Avenue 10 Jun 2022 Freehold Freehold – – 2500 South 25th Avenue, Broadview 15,230 (USD11,893) 15,453 (USD11,900) 0.13 0.15 501 South Steward Road 10 Jun 2022 Freehold Freehold – – 501 South Steward Road, Rochelle 46,401 (USD36,236) 47,008 (USD36,200) 0.41 0.45 Logistics (Indianapolis, Indiana) DHL Indianapolis Logistics Center 15 Jan 2025 Freehold Freehold – – 45 Mission Road, Whiteland 153,347 (USD119,752) 154,530 (USD119,000) 1.35 1.46 Balance carried forward – (Logistics) 473,162 (USD369,503) 475,276 (USD366,000) 4.16 4.51
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 33 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Investment Properties Portfolio Statement As at 30 June 2026 Description of property Acquisition date Tenure Term of lease Lease expiry Remaining term of lease Location Carrying amount Percentage of net assets attributable to unitholders 30/06/2026 31/12/2025 30/06/2026 31/12/2025 $’000 $’000 % % UNITED STATES Logistics (continued) Balance brought forward – (Logistics) 473,162 (USD369,503) 475,276 (USD366,000) 4.16 4.51 Logistics (Columbus, Ohio) DHL Canal Winchester (iii) 29 Jan 2026 Freehold Freehold – – 8695 Basil Western Road, Canal Winchester 96,122 (USD75,063) – 0.85 – Logistics (Charleston, South Carolina) Summerville Logistics Center (iv) 15 Nov 2024 Freehold Freehold – – 178 & 179 Quality Drive, Summerville 70,388 (USD54,967) – 0.62 – Total United States- Logistics 639,672 (USD499,533) 475,276 (USD366,000) 5.63 4.51 Total United States investment properties 2,201,956 (USD1,719,552) 2,048,882 (USD1,577,800) 19.38 19.42 Total Group’s investment properties (Note 4) 18,886,832 18,202,446 166.26 172.54 Investment properties under development (Note 5) 242,772 416,605 2.14 3.95 Other assets and liabilities (net) (7,465,482) (7,764,745) (65.72) (73.60) Net assets of the Group 11,664,122 10,854,306 102.68 102.89 Perpetual securities (302,275) (302,354) (2.66) (2.87) Net assets attributable to non-controlling interests (1,818) (1,844) (0.02) (0.02) Net assets attributable to Unitholders 11,360,029 10,550,108 100.0 100.00 Investment properties comprise a diverse portfolio of properties that are leased to customers. Most of the leases for multi -tenant buildings contain an initial non-cancellable period ranging from one to three years. Subsequent renewals are negotiated with the respective lessees.
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 34 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Investment Properties Portfolio Statement As at 30 June 2026 External valuation of the investment properties is conducted once a financial year. Independent valuations for all the invest ment properties and investment properties under development were undertaken by professional valuers as at 31 December 202 5. For interim financial reporting purposes, the carrying values of the investment properties and investment properties under development as at 30 June 2026 were reviewed through internal valuations by the Manager considering any significant changes in operating performance of the properties, movement in market data such as discount rates and capitalisation rates against that of 31 December 2025 and adjusted for capital expenditure capitalised from 1 January 2026 to 30 June 2026. The valuation adopted for investment properties and investment properties under development as at 30 June 2026 amounted to S$18,886.8 million and S$242.8 million respectively. Management has assessed that the carrying amounts of the investment properties and investment properties under development as at 30 June 2026 approximate their fair values. Management is also of the view that the fair value of investment properties and investment properties under development have not materially changed from 31 December 2025 valuation. The carrying amount of the newly acquired properties were based on the purchase consideration, which was arrived at on a willing-buyer and willing-seller basis and taking into account the independent valuation of the properties carried out by independent valuers, and the capitalised transaction cost. (i) The redevelopment of 27 IBP, Singapore was completed on 27 April 2026. As of 31 December 2025, this property was classified as investment property under development. (ii) The acquisitions of Torrejon I, Torrejon II, Sant Feliu I, Sant Feliu II, Sant Feliu III and Sant Feliu IV, Spain were completed on 27 February 2026. (iii) The acquisition of DHL Canal Winchester, Columbus, US was completed on 29 January 2026. (iv) The development of Summerville Logistics Center, Charleston, US was completed on 6 April 2026. As of 31 December 2025, this property was classified as investment property under development. (a) Includes an option for the Trust to renew the land lease for a further term of 30 years upon expiry. (b) Includes an option for the Trust to renew the land lease for a further term of 28 years upon expiry. (c) Includes an option for the Trust to renew the land lease for a further term of 17 years upon expiry. (d) Includes an option for the Trust to renew the land lease for a further term of 15 years upon expiry. (e) Includes an option for the Trust to renew the land lease for a further term of 12 years upon expiry. (f) Includes Lot 5054T and Lot 5076L. (g) The land titles of both The Aries and The Gemini have been amalgamated subsequent to the completion of asset enhancement works for Sparkle, a link block connecting the two buildings. (h) Land lease is a perpetual leasehold divided in terms of 50 years each, of which the current term expires on 15 April 2054. (j) Land lease is a perpetual leasehold divided in terms of 50 years each, of which the current term expires on 31 December 2041. (k) Land lease is a temporary right of leasehold of 50 years expiring on 18 December 2059. (l) Land lease (building rights) is a temporary right of leasehold of 90 years expiring on 30 June 2074. ^ These properties were pledged as securities in relation to the Syndicated Loans from Australian banks for the year ended 31 December 2025. The Syndicated Loans were repaid in February 2026.
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 35 - CONDENSED CONSOLI DATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Consolidated Statement of Cash Flows 1H FY2026 1H FY2025 Note S$'000 S$'000 Cash flows from operating activities Total return for the period before tax 300,242 323,817 Adjustments for: Net provision of expected credit loss on receivables 2,705 1,176 Finance costs, net 153,383 128,566 Unrealised foreign exchange differences 19,780 502 Gain from disposal of investment properties - (7,662) Management fees paid/payable in units 9,693 8,549 Acquisition fees paid/payable in units 2,300 - Net change in fair value of financial derivatives 28,644 8,237 Net change in fair value of right-of-use assets 4,714 5,015 Share of joint venture and associate company’s results (6,700) 1,580 Operating income before working capital changes 514,761 469,780 Changes in working capital: Trade and other receivables 3,143 57,139 Trade and other payables (25,956) 11,094 Cash generated from operations 491,947 538,013 Income tax paid (12,061) (11,012) Net cash from operating activities 479,886 527,001 Cash flows from investing activities Deposits paid for the acquisition of investment properties - (6,710) Dividend received from a joint venture company and an associate company - 236 Acquisition of investment properties (A) (271,191) (155,780) Purchase of investment property under development - Net payment for investment properties under development (31,690) (100,604) Payment for capital improvement on investment properties (54,866) (86,428) Proceeds from the divestment of a subsidiary - 25,001 Acquisition of joint ventures (754,306) - Interest received 1,670 1,286 Net cash used in investing activities (1,110,383) (316,289) Cash flows from financing activities Proceeds from issue of Units 903,468 500,002 Equity issue costs paid (10,790) (5,000) Distributions paid to Unitholders (520,136) (623,115) Distributions paid to perpetual securities holders (4,810) (4,463) Finance costs paid (139,565) (124,727) Payment of lease liabilities (18,116) (18,599) Proceeds from loans and borrowings 2,229,084 1,798,578 Repayment of loans and borrowings (1,669,361) (1,722,143) Contribution from non-controlling interests - 1,121 Net cash from / (used in) financing activities 686,274 (198,346) Net increase in cash and cash equivalents 55,777 12,366 Cash and cash equivalents at beginning of the period 209,444 167,741 Effect of exchange rate changes on cash balances (1,121) 841 Cash and cash equivalents at end of the financial period 264,100 180,948
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 36 - CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 Consolidated Statement of Cash Flows (continued) Notes: (A) Net cash outflow on acquisition of investment properties (including acquisition costs) Net cash outflow on acquisition of investment properties (including acquisition costs) is set out below: Group 1H FY2026 S$’000 Investment properties (including acquisition costs)1 286,649 Trade and other receivables 1,382 Trade and other payables (16,416) Provision for taxation – Deferred tax liabilities (424) Net identifiable assets acquired / total consideration 271,191 Net cash outflow 271,191 1 Included in the investment properties (including acquisition costs) is an amount of S$136,798,000 investment properties through acquisition of shares. (B) Significant non-cash transaction During the six-month period ended 30 June 2026: • 896,826 new units amounting to S$2,300,000 were issued at issue price of S$2.5646 per unit for the payment of acquisition fee to the Manager in Units. • 3,853,753 new units amounting to S$9,592,376 were issued at issue price of S$2.4891 per unit for the 20% base management fee to the Manager in Units. During the six-month period ended 30 June 2025: • 221,916 new Units amounting to S$564,000 were issued at issue price of S$2.5415 per unit for the payment of divestment fee to the Manager in Units. • 3,323,631 new Units amounting to S$8,592,916 were issued at issue price of S$2.5854 per unit for the payment of 20% base management fee to the Manager in Units.
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 37 - NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 These notes form an integral part of the condensed consolidated interim financial statements for the half year ended 30 June 2026. 1. General CapitaLand Ascendas REIT (the “Trust” or “CLAR”) is a Singapore -domiciled real estate investment trust constituted pursuant to the trust deed dated 9 October 2002 between CapitaLand Ascendas REIT Management Limited (the “Manager”) and HSBC Institutional Trust Services (Singapore) Limited (the “Trustee”), as amended by the First Supplemental Deed dated 16 January 2004, the Second Supplemental Deed dated 23 February 2004, the Third Supplemental Deed dated 30 September 2004, the Fourth Supplemental Deed dated 17 November 2004, the Fifth Supplemental Deed dated 20 April 2006, the First Amending and Restating Deed dated 11 June 2008, the Seventh Supplemental Deed dated 22 January 2009, the Eighth Supplemental Deed dated 17 September 2009, the Ninth Supplemental Deed dated 31 May 2010, the Tenth Supplemental Deed dated 22 July 2 010, the Eleventh Supplemental Deed dated 14 October 2011, the Twelfth Supplemental Deed dated 19 October 2015 , the Thirteenth Supplemental Deed dated 26 January 2016, the Second Amending and Restating Deed dated 10 August 2017, the Fifteenth Supplemental Deed dated 20 August 2018, the Sixteenth Supplemental Deed dated 24 July 2019, the Seventeenth Supplemental Deed da ted 3 April 2020, the Eighteenth Supplemental Deed dated 28 November 2020 , the Nineteenth Supplemental Deed dated 27 September 2022 and the Third Amending and Restating Deed dated 26 October 2023 (collectively, the “Trust Deed”). The Trust was formally admitted to the Official List of the Singapore Exchange Securities Trading Limited (“SGX -ST”) on 19 November 2002 and was included under the Central Provident Fund (“CPF”) Investment Scheme on 15 October 2002. The principal activity of the Group and the Trust is to invest in a diverse portfolio of properties and property related assets with the mission to deliver predictable distributions and achieve long-term capital stability for Unitholders. The condensed interim financial information relates to the Trust and its subsidiaries (the “Group”) and the Group’s interests in the equity-accounted investees. 2. Basis of preparation The condensed interim financial information as at and for half year ended 30 June 2026 has been prepared in accordance with the provisions of Statement of Recommended Accounting Practice (“RAP”) 7 Reporting Framework for Investment Funds relevant to interim financial information issued by the Institute of Singapore Chartered Accountants and the applicable requirements of the Code on Collective Investment Schemes (“CIS Code”) issued by the Monetary Authority of Singapore. RAP 7 requires that accounting policies to generally comply with the recognition and measurement principles of Singapore Financial Reporting Standards (“FRS”). The condensed interim financial information does not include all of the information required for full annual financial statements and should be read in conjunction with the last issued audited annual financial statements of the Group as at and for the year ended 31 December 2025. The condensed interim financial information is presented in Singapore dollars, which is the Trust’s functional currency. All financial information presented in Singapore dollars has been rounded to the nearest thousand, unless otherwise stated.
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 38 - NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 (continued) 2. Basis of preparation (continued) The condensed interim financial information are prepared on the historical cost basis, except for investment properties, investment properties under development and certain financial assets and financial liabilities which are measured at fair value. The preparation of the condensed interim financial information in conformity with RAP 7 requires the Manager to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgements about carrying amounts of assets and liabilities that are not readily apparent from other sources. In preparing the condensed interim financial information, the significant judgements made by the Manager in applying the Group’s accounting policies and the key sources of estimation uncertainty are the following areas: - Valuation of investment properties, investment properties under development and investment properties held for sale (note 11) 2.1 New and amended standards adopted by the Group The Group has applied the recognition and measurement principles of a number of new standards and amendments to standards for the financial period beginning 1 January 2026. The adoption of these new and revised standards did not have material impact on the Group’s condensed interim financial statements. 2.2 Seasonal operations The Group’s businesses are not affected significantly by seasonal or cyclical factors during the financial period.
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 39 - NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 (continued) 3. Investment properties Group Trust 30/06/2026 31/12/2025 30/06/2026 31/12/2025 S$’000 S$’000 S$’000 S$’000 At the beginning of the financial period/year 18,202,446 16,758,446 10,669,200 10,004,000 Acquisition of investment properties 286,649 1,474,432 – 639,961 Transfer from investment properties under development (Note 4) 204,026 97,515 133,821 97,515 Capital expenditure incurred 54,867 162,534 14,284 52,063 Disposal of investment properties – (465,218) – (312,011) Exchange differences 126,625 (77,948) – – Fair value change 12,219 252,685 7,299 187,672 At the end of the financial period/year 18,886,832 18,202,446 10,824,604 10,669,200 Group Trust 1H FY2026 FY2025 1H FY2026 FY2025 S$’000 S$’000 S$’000 S$’000 Consolidated Statement of Total Return: Net change in fair value change of investment properties 12,219 252,685 7,299 187,672 Net change in fair value of investment properties under development (Note 4) – (40,041) – (16,812) Effect of lease incentive and marketing fee amortisation (12,219) (18,025) (7,299) (15,708) Net change in fair value of investment properties, investment properties under development and investment properties held for sale recognised in the Consolidated Statement of Total Return (unrealised) – 194,619 – 155,152 Details of the properties are shown in the Investment Properties Portfolio Statement. Investment properties are leased to both related and non -related parties under operating lease or finance lease. As at 30 June 202 6, there were no investment properties pledged for term loans from Australian banks (31 December 2025: S$1,122,902,000). Information on the fair value assessment of investment properties is disclosed in Note 11.
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 40 - NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 (continued) 4. Investment properties under development Group Trust 30/06/2026 31/12/2025 30/06/2026 31/12/2025 S$’000 S$’000 S$’000 S$’000 At the beginning of the financial period 416,605 268,734 147,600 144,350 Acquisition of investment property under development – 94,608 – – Transfer to investment properties (Note 3) (204,026) (97,515) (133,821) (97,515) Capital expenditure incurred 31,690 190,648 25,251 117,577 Exchange differences (1,497) 171 – – Fair value change (Note 3) – (40,041) – (16,812) At the end of financial period 242,772 416,605 39,030 147,600 As at 30 June 202 6 and 31 December 202 5, investment properties under development (“IPUD”) are as follows: Group Description of Property Location 30/06/2026 31/12/2025 S$’000 S$’000 Logis Hub @ Clementi 2 Clementi Loop, Singapore 39,030 24,600 Welwyn Garden City Hertfordshire Data Centre, Mundellst, Welwyn Garden City, UK 93,921 93,235 Towcester Land to the north of Bell Plantation, Watling Street, Towcester NN12 8EU, UK 87,595 85,111 Mantonwood Sherwood Drive, Manton Wood Distribution Park, Workshop, S80 3EG, UK 22,226 21,316 27 IBP 27 International Business Park, Singapore – 123,000 Summerville Logistics Center 178 & 179 Quality Drive, Summerville, South Carolina, US – 69,343 Total investment properties under development 242,772 416,605 Trust Description of Property Location 30/06/2026 31/12/2025 S$’000 S$’000 Logis Hub @ Clementi 2 Clementi Loop, Singapore 39,030 24,600 27 IBP 27 International Business Park, Singapore – 123,000 Total investment properties under development 39,030 147,600 Information on the fair value assessment of investment properties under development is disclosed in Note 11.
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 41 - NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 (continued) 5. Derivative financial instruments Group Trust 30/06/2026 31/12/2025 30/06/2026 31/12/2025 $’000 $’000 $’000 $’000 Derivative assets Current 2,087 3,801 2,087 2,797 Non-current 23,813 22,089 23,813 22,089 25,900 25,890 25,900 24,886 Derivative liabilities Current (21,860) (26,850) (21,860) (26,850) Non-current (71,864) (76,479) (71,864) (76,479) (93,724) (103,329) (93,724) (103,329) Total derivative financial instruments (67,824) (77,439) (67,824) (78,443) Percentage of derivative financial instruments to net assets (0.58)% (0.71)% (0.58)% (0.71)% 6. Loans and borrowings Group Trust 30/06/2026 31/12/2025 30/06/2026 31/12/2025 S$’000 S$’000 S$’000 S$’000 Total loans and borrowings 7,836,923 7,320,228 6,518,933 5,364,374 Percentage of borrowings to net assets 67.19% 67.44% 55.87% 48.79% The maturity of loans and borrowings are presented as follows: Group Trust 30/06/2026 31/12/2025 30/06/2026 31/12/2025 S$’000 S$’000 S$’000 S$’000 Current Short term bank borrowings (unsecured) 2,061,158 848,380 2,061,158 848,380 2,061,158 848,380 2,061,158 848,380 Term loans - Secured – 239,385 – – - Unsecured 393,579 387,753 393,579 – Less: Unamortised transaction costs (535) (142) (535) – 393,044 626,996 393,044 –
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 42 - NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 (continued) 6. Loans and borrowings (continued) Group Trust 30/06/2026 31/12/2025 30/06/2026 31/12/2025 S$’000 S$’000 S$’000 S$’000 Current Medium term notes (unsecured) 150,957 237,641 150,957 237,641 Less: Unamortised transaction costs (3) (22) (3) (22) 150,954 237,619 150,954 237,619 Total current loans and borrowings 2,605,156 1,712,995 2,605,156 1,085,999 Non-current Term loans - Secured 31,644 24,734 – – - Unsecured 2,877,418 3,242,856 1,586,758 1,933,898 Less: Unamortised transaction costs (8,909) (11,203) (4,595) (6,369) 2,900,153 3,256,387 1,582,163 1,927,529 Medium term notes (unsecured) 2,335,142 2,354,840 2,335,142 2,354,840 Less: Unamortised transaction costs (3,528) (3,994) (3,528) (3,994) 2,331,614 2,350,846 2,331,614 2,350,846 Total non-current loans and borrowings 5,231,767 5,607,233 3,913,777 4,278,375 Total loans and borrowings 7,836,923 7,320,228 6,518,933 5,364,374 Medium term notes On 27 August 2025, the Group issued S$700,000,000 2.343 Per Cent. Green Fixed Rat e Notes due 2032 (the “2025 Notes”) pursuant to the S$7,000,000,000 Euro Medium Term Securities Programme. The 2025 Notes will mature on 27 August 2032 and will bear a fixed interest rate of 2.343 per cent. per annum payable semi-annually in arrear. Term loans Included in the term loans was approximately US$24.7 million (31 December 2025: US$19.0 million) secured term loan from an American bank . The USD secured term loan is secured by way of a first mortgage over the assets and credit of a subsidiary in the United States. There was no secured syndicated term loan from Australian banks (“Syndicated Loans”) as at 30 June 202 6 (31 December 2025: A$282.2 million). The Syndicated Loans as at 31 December 2025 were secured by way of a first mortgage over 20 properties in Australia and assets of their respective holding trusts, and a guarantee from the Trust. The carrying value of properties secured for the Syndicated Loans was S$1,122.9 million or A$1,323.6 million as at 31 December 2025.
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 43 - NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 (continued) 6. Loans and borrowings (continued) Term loans In addition, the Group has various unsecured credit and overdraft facilities with varying degrees of utilisation as at the reporting date. Bank borrowings As at 30 June 2026, 70.1% (31 December 2025: 75.4%) of the Group’s borrowings were on fixed interest rates (after taking into consideration effects of the interest rate swaps). The overall weighted average tenure for the financial period ended 30 June 2026 was 2.5 years (31 December 2025: 3.1 years) and the weighted average cost of borrowings for the financial period ended 30 June 2026 was 3.5% (31 December 2025: 3.5%). 7. Cash and fixed deposits For the purpose of the consolidated statement of cash flow, cash and cash equivalents comprised of the following: Group 30/06/2026 31/12/2025 S$’000 S$’000 Cash at bank 264,100 209,444 Total cash and cash equivalents 264,100 209,444 8. Units in issue and to be issued There are no treasury Units in issue as at 30 June 2026 and 30 June 2025. Group and Trust 1H FY2026 1H FY2025 (’000) (’000) Units issued: At the beginning of the financial period 4,611,952 4,400,309 Issue of new Units: - Management fees paid in Units 3,854 3,324 - Equity fund raising 378,512 202,430 - Divestment fee paid in Units 897 222 At the end of the financial period 4,995,215 4,606,285 Units to be issued: Management fee payable in Units 656 538 Total Units issued and to be issued at end of the financial period 4,995,871 4,606,823
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 44 - NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 (continued) 9. Profit before taxation 9.1 Significant items Group 1H FY2026 1H FY2025 S$’000 S$’000 Property operating expenses Net provision for expected credit loss on receivables (2,705) (1,176) Non property expenses Interest expense, net (135,494) (121,823) Gain on disposal of investment properties – 7,662 9.2 Significant related party transactions Group 1H FY2026 1H FY2025 S$’000 S$’000 Acquisition of a 50% interest of a property 245,000 – Management fees paid/payable to the manager, a subsidiary of the Manager and related parties of the Manager 49,388 42,776 Property service fees paid to the Property Manager 17,673 16,143 Property service fees, service charges, reimbursements and receipts on behalf to related parties of the Manager 8,270 8,398 Acquisition fee paid/payable to: - the Manager 11,456 1,503 Divestment fee paid/payable to: - the Manager – 128 Lease rental, licence fee, security deposits, chilled water, electricity, car park income, other income from related companies (9,347) (17,846) Lease service fee paid/payable to: - the Manager 12,013 9,196 - the subsidiary of the Manager 1,362 1,140 Utilities expense, telephone charges, security deposits, M&C services and reimbursement of expenses to related companies 6,556 4,609 Trustee fee 1,789 1,385
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 45 - NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 (continued) 10. Taxation The Group calculates the income tax expense using the tax rate that would be applicable to the expected total earnings. The major components of income tax expense in the interim consolidated statement of profit or loss are: Group 1H FY2026 1H FY2025 S$’000 S$’000 Current income tax expense 14,779 10,122 Deferred income tax expense relating to origination (include reversal of temporary differences) 384 10,958 15,163 21,080 11. Fair value measurement The Group categorises fair value measurements using a fair value hierarchy that is dependent on the valuation inputs used as follows: - Level 1: Quoted prices (unadjusted) in active market for identical assets or liabilities that the Group can access at the measurement date, - Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, and - Level 3: Unobservable inputs for the asset or liability. The following table shows an analysis of each class of assets and liabilities of the Group measured at fair value at the end of the reporting period: Level 1 Level 2 Level 3 Total S$’000 S$’000 S$’000 S$’000 Group 30 June 2026 Financial asset Derivative assets – 25,900 – 25,900 Total financial asset – 25,900 – 25,900 Non-financial assets Investment properties – – 18,886,832 18,886,832 Investment properties under development – – 242,772 242,772 Right-of-use assets – – 599,825 599,825 Total non-financial assets – – 19,729,429 19,729,429 Financial liability Derivative liabilities – (93,724) – (93,724) Total financial liability – (93,724) – (93,724)
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 46 - NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 (continued) 11. Fair value measurement (continued) Level 1 Level 2 Level 3 Total S$’000 S$’000 S$’000 S$’000 Group 31 December 2025 Financial asset Derivative assets – 25,890 – 25,089 Total financial asset – 25,089 – 25,089 Non-financial assets Investment properties – – 18,202,446 18,202,446 Investment properties under development – – 416,605 416,605 Right-of-use assets – – 604,776 604,776 Total non-financial assets – – 19,223,827 19,223,827 Financial liability Derivative liabilities – (103,329) – (103,329) Total financial liability – (103,329) – (103,329) (1) Level 2 fair value measurements The following is a description of the valuation techniques and inputs used in the fair value measurement for assets and liabilities that are categorised within Level 2 of the fair value hierarchy: Derivatives The fair value of interest rate swaps, forward contracts and cross currency swaps are based on valuations provided by the financial institutions that are the counterparties of the transactions. These quotes are tested for reasonableness by discounting estimated future cash flows based on the terms and maturity of each contract and using market interest rates for a similar instrument at the reporting date. (2) Level 3 fair value measurements (i) Information about significant unobservable inputs used in Level 3 fair value measurement Investment properties and investment properties under development External valuation of the investment properties is conducted at least once a financial year. For interim financial reporting purposes, the carrying values of the investment properties and properties under development as at 30 June 202 6 were reviewed through internal valuations by the Manager considering any significant changes in operating performance of the properties, movement in market data such as discount rates and capitalisation rates against that of 31 December 2025 and adjusted for capital expenditure capitalised from 1 January 2026 to 30 June 2026.
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 47 - NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 (continued) 11. Fair value measurement (continued) (2) Level 3 fair value measurements (continued) Investment properties are stated at fair value based on valuations by independent professional valuers. The independent professional valuers have appropriate recognised professional qualifications and recent experience in the location and category of the properties being valued. The fair values are based on open market values, being the estimated amount for which a property could be exchanged on the date of the valuation between a willing buyer and a willing seller in an arm’s length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion. The independent professional valuers have considered valuation techniques including direct comparison method, capitalisation approach , discounted cash flows and residual land value method in arriving at the open market value as at the reporting date. These valuation methods involve certain estimates. The Manager has exercised its judgement and is satisfied that the valuation methods and estimates are reflective of the current market conditions. The direct comparison method involves the analysis of comparable sales of similar properties and adjusting the sale prices to that reflective of the investment properties. The capitalisation approach capitalises an income stream into a present value using a market-corroborated capitalisation rate. The discounted cash flows method involves the estimation of an income stream over a period and discounting the income stream with an expected internal rate of return and terminal yield. The residual land value method involves deducting the total gross development costs and the developer’s profit from the gross development value to arrive at the residual land value. 12. Financial ratios Group 1H FY2026 1H FY2025 % % Expenses to weighted average net assets 1 - including performance component of Manager’s management fees 0.49 0.51 - excluding performance component of Manager’s management fees 0.49 0.51 Expenses to net asset value 2 2.62 2.73 Portfolio turnover rate 3 – 0.24 1 The annualised ratios are computed in accordance with guidelines of the Investment Management Association of Singapore. The expenses used in the computation relate to expenses at the Group, excluding property related expenses and borrowing costs. 2 The ratio is computed based on the total property expenses, including all fees and charges paid to the Trustee, the Manager and related parties for all the financial period and as a percentage of net asset value as at the end of the financial period. 3 The annualised ratio is computed based on the lesser of purchases or sales of underlying investment properties of the Group expressed as a percentage of weighted average net asset value.
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 48 - NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 (continued) 12. Financial ratios (continued) The Group adopts a disciplined and forward-looking approach to capital management, aimed at maintaining financial resilience and supporting sustainable growth. As part of this approach, the Group manages its aggregate leverage level through capital recycling, prudent acquisition strategies, and active monitoring of market conditions to optimise its capital structure. To ensure stability of its ICR levels, the Group maintains a high proportion of fixed rate borrowings and a well-distributed debt maturity profile. Group 30/06/2026 31/12/2025 Aggregate leverage (%) 39.7 39.0 Interest coverage ratio (times) 1 3.5 3.6 Interest coverage ratio (“ICR”) sensitivity 2. - 10% decrease in EBITDA (times) 3.2 - 100 basis points increase in interest rates3 (times) 2.8 1 Calculated by dividing the trailing 12 months earnings before interest, tax, depreciation and amortisation (excluding effects of any fair value changes of derivatives and investment properties and foreign exchange translation) by the trailing 12 months int erest expense, borrowing related fees and distributions on hybrid securities as defined in the Code of Collective Investment Schemes. Perpetual securities are the only hybrid security that the Group holds. 2 In accordance with the Code of Collective Investment Schemes. 3 Assuming 100 basis points increase in the weighted average interest rate of all hedged and unhedged debts and perpetual securities. 13. Operating segments For the purpose of making resource allocation decisions and the assessment of segment performance, the Chief Executive Officer, who is the Group’s Chief Operating Decision Maker (“CODM”) reviews internal / management reports of its investment properties. This forms the basis of identifying the operating segments of the Group under FRS108 Operating Segments. Segment revenue comprises mainly income generated from its tenants. Segment net property income represents the income earned by each segment after allocating property operating expenses. This is the measure reported to the CODM for the purpose of assessment of segment performance. In addition, the CODM monitors the non -financial assets as well as financial assets attributable to each segment when assessing segment performance. Segment results, assets and liabilities include items directly attributable to a segment as well as those that can be allocated on a reasonable basis. Unallocated items comprise mainly management fee, performance fee, trust expenses, finance income, financ e costs and related assets and liabilities. Information regarding the Group’s reportable segments is presented in the tables below.
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 49 - NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 (continued) 13. Operating segments (continued) Segment results Business Space and Life Sciences Industrial and Data Centres Logistics Total For the six months ended 30/06/2026 30/06/2025 30/06/2026 30/06/2025 30/06/2026 30/06/2025 30/06/2026 30/06/2025 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 Group Gross rental income 271,248 278,467 222,003 196,034 159,126 142,291 652,377 616,792 Other income 52,211 51,212 69,098 56,369 31,817 30,378 153,126 137,959 Gross revenue 323,459 329,679 291,101 252,403 190,943 172,669 805,503 754,751 Property operating expenses (91,607) (101,804) (104,660) (76,496) (53,172) (53,034) (249,439) (231,334) Segment net property income 231,852 227,875 186,441 175,907 137,771 119,635 556,064 523,417 Unallocated - Gain on disposal on investment properties - 7,662 - Finance costs, net (153,383) (128,566) - Other net expenses (75,781) (63,864) Net income 326,900 338,649 Unallocated net change in fair value of financial derivatives (28,644) (8,237) Net change in fair value of right-of-use assets (1,419) (1,374) (2,137) (2,237) (1,158) (1,404) (4,714) (5,015) Share of results of associate company and joint ventures’ (net of tax) 6,700 (1,580) Total return for the financial period before tax 300,242 323,817 Unallocated tax expenses (15,163) (21,080) Total return for the financial period after tax 285,079 302,737
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 50 - NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 (continued) 13. Operating segments (continued) Segment assets and liabilities Business Space and Life Sciences Industrial and Data Centres Logistics Total S$’000 S$’000 S$’000 S$’000 Group 30 June 2026 Assets and liabilities Segment assets 8,396,937 6,167,036 5,225,486 19,789,459 Unallocated assets 1,311,943 Total assets 2,101,402 Segment liabilities 211,838 769,179 224,825 1,205,842 Unallocated liabilities: - loans and borrowings 7,836,923 - others 394,515 Total liabilities 9,437,280 Other segmental information Capital expenditure: - investment properties 13,939 20,273 20,655 54,867 - investment properties under development 10,821 18,110 2,759 31,690 Provision for expected credit losses – 464 5,923 6,529
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 51 - NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2025 (continued) 13. Operating segments (continued) Segment assets and liabilities Business Space and Life Sciences Industrial and Data Centres Logistics Total S$’000 S$’000 S$’000 S$’000 Group 31 December 2025 Assets and liabilities Segment assets 8,325,419 6,174,711 4,837,375 19,337,505 Unallocated assets 513,672 Total assets 19,851,177 Segment liabilities 525,329 491,012 590,228 1,606,569 Unallocated liabilities: - loans and borrowings 7,082,609 - others 307,693 Total liabilities 8,996,871 Other segmental information Capital expenditure: - investment properties 71,688 51,247 39,599 162,534 - investment properties under development 59,439 4,612 126,597 190,648 Provision for expected credit losses 359 511 3,224 4,094
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 52 - NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 30 JUNE 2026 (continued) 13. Operating segments (continued) Geographical segments In presenting information on the basis of geographical segments, segment revenue is based on the geographical location of tenants. Information regarding the Group’s geographical segments is presented in the tables below. Singapore Australia United Kingdom / Europe United States Total For the financial period ended 30/06/2026 30/06/2025 30/06/2026 30/06/2025 30/06/2026 30/06/2025 30/06/2026 30/06/2025 30/06/2026 30/06/2025 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 Group External revenue 548,760 498,039 72,669 65,012 85,251 86,626 98,823 105,074 805,503 754,751 As at 30/06/2026 31/12/2025 30/06/2026 31/12/2025 30/06/2026 31/12/2025 30/06/2026 31/12/2025 30/06/2026 31/12/2025 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 S$’000 Group Non-current assets 1 14,082,663 13,304,846 2,262,919 2,097,765 2,075,226 1,891,573 2,201,959 2,118,228 20,622,768 19,412,412 1 Exclude financial assets and deferred tax assets 14. Event after the reporting period On 15 July 2026, the Group announced the divestment of Kim Chuan Telecommunications Complex in Singapore for a sale consideration of approximately $200.4 million. The divestment is expected to be completed by the second half of 2026.
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 53 - OTHER INFORMATION A. Whether the figures have been audited, or reviewed and in accordance with which auditing standard or practice The figures have not been audited or reviewed. The Condensed Consolidated Interim Financial Statements for the half year ended 30 June 202 6 is included as part of the announcement of financial results. B. Where the figures have been audited, or reviewed, the auditors' report (including any qualifications or emphasis of matter) Not applicable. C. Review of Performance Note: “n.m.” denotes “not meaningful” 1H FY2026 2H FY2025 Variance 1H FY2025 Variance (A) (B) (A) vs (B) (C) (A) vs (C) S$'000 S$'000 % S$'000 % Gross revenue 805,503 783,823 2.8% 754,751 6.7% Property operating expenses (249,439) (239,680) 4.1% (231,334) 7.8% Net property income 556,064 544,143 2.2% 523,417 6.2% Non property expenses (56,001) (51,709) 8.3% (52,304) 7.1% Finance costs, net (140,135) (135,473) 3.4% (114,946) 21.9% Finance costs on lease liabilities (13,248) (13,773) (3.8%) (13,620) (2.7%) Net foreign exchange differences (19,780) 44,421 n.m. (11,560) 71.1% Gain on disposal of a subsidiary - 3,538 n.m. - n.m. Gain on disposal of investment properties - 11,619 n.m. 7,662 (100.0%) (229,164) (141,377) 62.1% (184,768) 24.0% Net income 326,900 402,766 (18.8%) 338,649 (3.5%) Net change in fair value of financial derivatives (28,644) (97,239) (70.5%) (8,237) n.m. Net change in fair value of investment properties and investment properties under development - 194,619 (100.0%) - n.m. Net change in fair value of right-of-use assets (4,714) (5,174) (8.9%) (5,015) (6.0%) Share of results of associate company and joint ventures (net of tax) 6,700 16,697 (59.9%) (1,580) n.m. Total return for the financial period before tax 300,242 511,669 (41.3%) 323,817 (7.3%) Tax expense - Current income tax (14,779) (2,255) n.m. (10,122) 46.0% - Deferred income tax (384) (32,435) (98.8%) (10,958) (96.5%) (15,163) (34,690) (56.3%) (21,080) (28.1%) Total return for the financial period 285,079 476,979 (40.2%) 302,737 (5.8%) Attributable to: Unitholders 280,348 471,422 (40.5%) 298,274 (6.0%) Perpetual securities holders 4,731 5,557 (14.9%) 4,463 6.0% Total return for the financial period 285,079 476,979 (40.2%) 302,737 (5.8%) Distribution Statement Total return for the period attributable to Unitholders and perpetual securities holders 285,079 476,979 (40.2%) 302,737 (5.8%) Less: Amount reserved for distribution to perpetual securities holders (4,731) (5,557) (14.9%) (4,463) 6.0% Net effect of non-taxable deductible expenses / (non taxable income) and other adjustments 15,374 (200,108) (107.7%) (14,494) n.m. Income available for distribution 295,722 271,314 9.0% 283,780 4.2% Total amount available for distribution comprising: - Taxable income 295,722 271,314 9.0% 283,780 4.2% - Tax-exempt income 17,878 29,000 (38.4%) 7,092 152.1% - Distribution from capital 45,816 46,873 (2.3%) 40,209 13.9% Total amount available for distribution 359,416 347,187 3.5% 331,081 8.6% EPU/DPU Earnings per unit (cents) 5.858 10.151 (42.3%) 6.735 (13.0%) Distribution per unit (cents) 7.482 7.528 (0.6%) 7.477 0.1% Group
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 54 - OTHER INFORMATION (continued) C. Review of Performance (continued) 1H FY2026 vs 2H FY2025 Gross revenue increased by 2.8%, mainly attributable to the acquisition of one Singapore data centre in August 2025, one Singapore logistics property and two Singapore industrial properties in December 2025, partially offset by the divestment of one Australia logistics property, one US business space property and the Singapore Divestments in December 2025. Property operating expenses increased mainly due to the acquisitions, partially offset by the divestments. Net finance costs for 1H FY2026 was higher than 2H FY2025 mainly due to the higher average debt balance. The all-in group interest rate for 1H FY2026 was 3.50% (2H FY2025: 3.52%). In 1H FY2026, the Group recorded a foreign exchange loss of S$19.8 million mainly due to the settlement of cross currency swaps. In 2H FY2025, the Group recorded a foreign exchange gain of S$44.4 million mainly due to the weakening of AUD and USD against SGD in relation to the AUD and USD denominated borrowings. The net change in fair value of investment properties and investment properties under development recorded in 2H FY2025 was based on the independent valuations performed for the financial year ended 31 December 2025. The fair value gain of S$194.6 million for investment properties and investment properties under development recorded in 2H FY2025 was mainly due to the valuation increase in Singapore and US, partially offset by valuation decrease in Australia and Europe. Share of results of associate company and joint venture s (net of tax) decreased, mainly attributable to the absence of fair value gain on investment property that was recognised by an associate company in 2H FY2025, partially offset by contributions from the Osaka Data Centre 1 and its master lessee operating company, and Ascent, in which interests were acquired in May 2026 and March 2026, respectively. The deferred tax expense recognised in 1H FY2026 is mainly due to deferred tax liabilities arising from the undistributed profits of certain overseas subsidiaries. In 2H FY2025, the deferred tax expense was mainly due to the reversal of deferred tax assets that were no longer applicable. 1H FY2026 vs 1H FY2025 Gross revenue increased by 6.7%, mainly attributable to the acquisition of one Singapore data centre in August 2025, one Singapore logistics property and two Singapore industrial properties in December 2025, partially offset by the divestment of one Australia logistics property , one US business space property and the Singapore Divestments in December 2025. Property operating expenses increased mainly due to the acquisitions, partially offset by the divestments. Net finance costs for 1H FY2026 was higher than 1H FY2025 mainly due to the higher average debt balance partially cushioned by lower average interest rate. The all-in group interest rate for 1H FY2026 was 3.50% (1H FY2025: 3.66%). In 1H FY2026, the Group recorded a foreign exchange loss of S$19.8 million mainly due to the settlement of cross currency swaps. In 1H FY2025, the Group recorded a foreign exchange loss of S$11.6 million mainly due to the settlement of foreign currency denominated borrowings.
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 55 - OTHER INFORMATION (continued) C. Review of Performance (continued) 1H FY2026 vs 1H FY2025 (continued) Share of results of associate company and joint ventures (net of tax) increased mainly due to share of profits in the Osaka Data Centre 1 and its master lessee operating company, and Ascent which interests were acquired in May 2026 and March 2026, respectively. The deferred tax expense recognised in 1H FY2026 is mainly due to deferred tax liabilities arising from the undistributed profits of certain overseas subsidiaries. The deferred tax expense recognised in 1H FY2025 was mainly due to the reversal of deferred tax assets that were no longer applicable. D. Variance between forecast and the actual results The current results are broadly in line with the Trust’s commentary made in the 2H FY2025 Announcement of Results under Paragraph E on page 64 to 65. The Trust has not disclosed any financial forecast to the market. E. Commentary on the significant trends and competitive conditions of the industry in which the group operates and any known factors or events that may affect the group in the next reporting period and the next 12 months. According to the International Monetary Fund (“IMF”), global growth is projected to slow to 3.0% in 2026 from 3.5% in 2025. The slowdown largely reflects the effects of the conflict in the Middle East, partly offset by accelerated momentum in the global te chnology cycle driven by artificial intelligence. Singapore The Singapore economy grew by 5.7% year-on-year (“YoY”) in 2Q 2026, easing from the 6.3% growth in 1Q 2026 according to the Ministry of Trade and Industry. The Monetary Authority of Singapore (“MAS”) expects Singapore’s economy to grow at a firm pace in the second half of the year, supported by global AI-related capital expenditure, a significant construction project pipeline and steady expansion in the financial sector underpinned by strong credit growth. Singapore’s core inflation rate (excluding accommodation and private transport) picked up to 1.6% YoY in June 2026 from 1.4% YoY in May 2026 due to an increase in food, services and retail & other goods inflation. In July 2026, the MAS tightened its monetary policy as external price pressures are expected to persist and pass through more broadly to domestic consumer prices before moderating discernibly from around mid-2027. Singapore remains a cornerstone of CLAR’s portfolio, accounting for S$13.1 billion or 65% of the total portfolio assets under management (“AUM”) value as at 30 June 2026. The multi -asset portfolio comprises Business Space & Life Sciences, Industrial & Data Centres and Logistics properties. The Manager will continue to pursue opportunities to further strengthen the portfolio and optimise returns through acquisitions, redevelopments and asset enhancement initiatives, as well as divestments.
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 56 - E. Commentary on the significant trends and competitive conditions of the industry in which the group operates and any known factors or events that may affect the group in the next reporting period and the next 12 months. (continued) US In 2Q 2026, the US economy grew at an annual rate of 1.5% due to increases in consumer spending, investment, exports and imports, partly offset by a decrease in government spending according to the US Bureau of Economic Analysis. The IMF estimated that the US economy will expand by 2.3% in 2026, extending the 2.1% expansion in 2025. Core CPI rose 2.6% for the 12 months ending June 2026 following a 2.9% increase over the 12 months ending May 2026. In July 2026, the US Federal Reserve maintained the target range for the federal funds rate at 3.50% to 3.75%. While inflation remains elevated, economic activity is expanding at a solid pace despite elevated uncertainty. CLAR’s US portfolio comprises Business Space & Life Sciences and Logistics properties with a total value of S$2.2 billion as at 30 June 2026. The Manager continues to focus on proactive asset management to enhance operational performance. CLAR’s US portfol io has a long weighted average lease expiry (“WALE”) of 4.2 years with approximately 1.0% of the portfolio’s gross rental income due for renewal in the remainder of FY 2026. Australia In 1Q 2026, the Australian economy grew 0.3% QoQ according to the Australian Bureau of Statistics. The modest growth reflected subdued household and government consumption, as well as adverse weather impacts that hampered mining production and exports. The IMF estimated gross domestic product (“GDP”) growth to be 1.9% in 2026, a similar level to the 2.0% growth in 2025. Australia’s All groups Consumer Price Index (“CPI”) rose 3.8% for the 12 months to June 2026, down from 4.0% for the 12 months to May 2026. In June 2026, the Reserve Bank of Australia maintained its cash rate target at 4.35% following three increases since the beginning of the year due to tighter financial conditions currently and signs of a slowing economy. As at 30 June 2026, CLAR’s Australia portfolio comprises Business Space and Logistics properties with a total value of S$2.3 billion. The healthy portfolio occupancy rate of 91.1% and WALE of 3.6 years will underpin the portfolio’s stable performance.
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 57 - E. Commentary on the significant trends and competitive conditions of the industry in which the group operates and any known factors or events that may affect the group in the next reporting period and the next 12 months. (continued) UK/Europe In 1Q 2026, the UK economy grew by 0.6% QoQ according to the Office for National Statistics. The IMF estimated that growth is expected to slow to 1.0% in 2026, from 1.4% in 2025. In Ju ly 2026, the Bank of England’s Monetary Policy Committee held the Bank Rate at 3.75%. While inflation had fallen, it is expected to rise later in 2026 as the effects of higher energy prices continue to pass through. In 2Q 2026, the European Union (“EU”) economy increased by 0.5% QoQ according to Eurostat. According to the European Commission’s Spring Forecast, EU GDP growth is projected to slow to 1.1% in 2026, 30 basis points (“bps”) lower than in the previous forecast. In July 2026, the European Central Bank held its key interest rates unchanged. The full inflationary impact of the energy shock has yet to play out, and the Governing Council is closely monitoring the intensity and duration of the energy shock. CLAR’s UK/Europe portfolio comprises Logistics and Data Centre properties with a total value of S$1.9 billion as at 30 June 2026. The Manager plans to redevelop a data centre as well as a logistics property in the UK, and will capitalise on future opportun ities to enhance the portfolio quality through acquisitions, redevelopments and AEIs in the UK/Europe. Japan In 1Q 2026, the Japanese economy grew at a faster rate of 0.5% compared to 0.2% in 4Q 2025 according to the Cabinet Office. In its J uly 2026 forecast, the Cabinet Office estimates GDP growth in 2026 to be 0.9%. The All-items CPI rose by 1.7% YoY in June 2026, an increase from 1.5% in May 2026. At its July 2026 meeting, the Bank of Japan maintained its policy rate at 1.0% against the backdrop of an economy that is still growing moderately, expectations of rising inflation and accommodative financial conditions. As at 30 June 2026, CLAR’s portfolio in Japan comprises a 49% interest in a Tier III hyperscale data centre in Greater Osaka which is valued at S$0.6 billion. The data centre is fully occupied by one of the global investment grade data centre hyperscalers, and has a remaining WALE of approximately 14 years. Conclusion Risks to the global economic outlook remain tilted to the downside according to the IMF. Further escalation of geopolitical tensions could compound inflationary pressures and weigh on economic activity. CLAR’s global portfolio is diversified across five developed geographies while remaining anchored in Singapore. The multi -asset portfolio comprising Business Space & Life Sciences, Industrial & Data Centres and Logistics properties is closely aligned with knowledge, innovation, digital, and e -commerce & trade economies. With a strong balance sheet, ample financial flexibility, a resilient portfolio and a clear growth strategy, CLAR is well -positioned to deliver stable, sustainable returns to Unitholders.
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 58 - OTHER INFORMATION (continued) F. Distributions (a) Current financial period Any distributions declared for the current financial period: Yes (i) Name of distribution: 79th distribution for the period from 2 April 2026 to 30 June 2026 Distribution Type/ Rate Taxable Tax-exempt Capital Total Amount (cents per units) 3.043 0.318 0.371 3.732 Par value of units: Not applicable Tax Rate: Taxable income distribution Individuals who receive such distribution as investment income (excluding income received through partnership) will be exempted from tax. Qualifying corporate investors will receive pre -tax distributions and pay tax on the distributions at their own marginal rate subsequently. Investors using CPF funds and SRS funds will also receive pre-tax distributions. These distributions are tax exempt where the distributions received are returned to the respective CPF and SRS accounts. Qualifying non-resident non-individual investors or qualifying non-resident funds will receive their distributions after deduction of tax at the rate of 10%. All other investors will receive their distributions after deduction of tax at the rate of 17%. Tax-exempt income distribution Tax-exempt income distribution is exempt from tax in the hands of all Unitholders, regardless of their nationality, corporate identity or tax residence status. Unitholders are not entitled to tax credits for any taxes paid by the trustee of CapitaLand Ascendas REIT on the income of CapitaLand Ascendas REIT against their Singapore income tax liability. Capital distribution Distributions out of capital are not taxable in the hands of all Unitholders provided that the Units are not held as trading assets. For Unitholders who hold the Units as trading or business assets and are liable to Singapore income tax on gains arising from disposal of the Units, the amount of such distributions will be applied to reduce the cost of the Units for the purpose of calculating the amount of taxable trading gain arising from a subsequent disposal of the Units. If the amount exceeds the cost of the Units, the excess will be subject to tax as trading income of such Unitholders. Record date: 14 August 2026 Payment date: 8 September 2026
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 59 - OTHER INFORMATION (continued) F. Distributions (a) Current financial period (ii) Name of distribution: 78th distribution for the period from 1 January 202 6 to 1 April 2026 Distribution Type/ Rate Taxable Tax-exempt Capital Total Amount (cents per units) 3.116 0.044 0.590 3.750 Par value of units: Not applicable Tax Rate: Taxable income distribution Individuals who receive such distribution as investment income (excluding income received through partnership) will be exempted from tax. Qualifying corporate investors will receive pre -tax distributions and pay tax on the distributions at their own marginal rate subsequently. Investors using CPF funds and SRS funds will also receive pre-tax distributions. These distributions are tax exempt where the distributions received are returned to the respective CPF and SRS accounts. Qualifying non-resident non-individual investors or qualifying non-resident funds will receive their distributions after deduction of tax at the rate of 10%. All other investors will receive their distributions after deduction of tax at the rate of 17%. Tax-exempt income distribution Tax-exempt income distribution is exempt from tax in the hands of all Unitholders, regardless of their nationality, corporate identity or tax residence status. Unitholders are not entitled to tax credits for any taxes paid by the trustee of CapitaLand Asce ndas REIT on the income of CapitaLand Ascendas REIT against their Singapore income tax liability. Capital distribution Distributions out of capital are not taxable in the hands of all Unitholders provided that the Units are not held as trading assets. For Unitholders who hold the Units as trading or business assets and are liable to Singapore income tax on gains arising from disposal of the Units, the amount of such distributions will be applied to reduce the cost of the Units for the purpose of calculating the amount of taxable trading gain arising from a subsequent disposal of the Units. If the amount exceeds the cost of the Units, the excess will be subject to tax as trading income of such Unitholders. Record date: 1 April 2026 Payment date: 30 April 2026
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 60 - OTHER INFORMATION (continued) F. Distributions (continued) (b) Corresponding financial period of the immediately preceding year (i) Name of distribution: 76th distribution for the period from 6 June 2025 to 30 June 2025 Distribution Type/ Rate Taxable Tax-exempt Capital Total Amount (cents per units) 0.905 – 0.093 0.998 Par value of units: Not applicable Tax Rate: Taxable income distribution Individuals who receive such distribution as investment income (excluding income received through partnership) will be exempted from tax. Qualifying corporate investors will receive pre -tax distributions and pay tax on the distributions at their own marginal rate subsequently. Investors using CPF funds and SRS funds will also receive pre-tax distributions. These distributions are tax exempt where the distributions received are returned to the respective CPF and SRS accounts. Qualifying non-resident non-individual investors or qualifying non-resident funds will receive their distributions after deduction of tax at the rate of 10%. All other investors will receive their distributions after deduction of tax at the rate of 17%. Tax-exempt income distribution Tax-exempt income distribution is exempt from tax in the hands of all Unitholders, regardless of their nationality, corporate identity or tax residence status. Unitholders are not entitled to tax credits for any taxes paid by the trustee of CapitaLand Asce ndas REIT on the income of CapitaLand Ascendas REIT against their Singapore income tax liability. Capital distribution Distributions out of capital are not taxable in the hands of all Unitholders provided that the Units are not held as trading assets. For Unitholders who hold the Units as trading or business assets and are liable to Singapore income tax on gains arising from disposal of the Units, the amount of such distributions will be applied to reduce the cost of the Units for the purpose of calculating the amount of taxable trading gain arising from a subsequent disposal of the Units. If the amount exceeds the cost of the Units, the excess will be subject to tax as trading income of such Unitholders. Record date: 12 August 2025 Payment date: 4 September 2025
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 61 - OTHER INFORMATION (continued) F. Distributions (continued) (b) Corresponding financial period of the immediately preceding year (ii) Name of distribution: 75th distribution for the period from 1 January 2025 to 5 June 2025 Distribution Type/ Rate Taxable Tax-exempt Capital Total Amount (cents per units) 5.502 0.161 0.816 6.479 Par value of units: Not applicable Tax Rate: Taxable income distribution Individuals who receive such distribution as investment income (excluding income received through partnership) will be exempted from tax. Qualifying corporate investors will receive pre -tax distributions and pay tax on the distributions at their own marginal rate subsequently. Investors using CPF funds and SRS funds will also receive pre-tax distributions. These distributions are tax exempt where the distributions received are returned to the respective CPF and SRS accounts. Qualifying non-resident non-individual investors or qualifying non-resident funds will receive their distributions after deduction of tax at the rate of 10%. All other investors will receive their distributions after deduction of tax at the rate of 17%. Tax-exempt income distribution Tax-exempt income distribution is exempt from tax in the hands of all Unitholders, regardless of their nationality, corporate identity or tax residence status. Unitholders are not entitled to tax credits for any taxes paid by the trustee of CapitaLand Asce ndas REIT on the income of CapitaLand Ascendas REIT against their Singapore income tax liability. Capital distribution Distributions out of capital are not taxable in the hands of all Unitholders provided that the Units are not held as trading assets. For Unitholders who hold the Units as trading or business assets and are liable to Singapore income tax on gains arising from disposal of the Units, the amount of such distributions will be applied to reduce the cost of the Units for the purpose of calculating the amount of taxable trading gain arising from a subsequent disposal of the Units. If the amount exceeds the cost of the Units, the excess will be subject to tax as trading income of such Unitholders. Record date: 5 June 2025 Payment date: 30 June 2025
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 62 - OTHER INFORMATION (continued) G. If no distribution has been declared/(recommended), a statement to that effect Not applicable. H. If the Group has obtained a general mandate from unitholders for IPTs, the aggregate value of such transactions as required under Rule 920(1)(a)(ii). If no IPT mandate has been obtained, a statement to that effect CapitaLand Ascendas REIT has not obtained a general mandate from Unitholders for interested person transactions.
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 63 - OTHER INFORMATION (continued) I. Use of proceeds from equity fund raising Total gross proceeds of approximately S$903.5 million from the Private Placement in March 2026 have been disbursed as follows: Intended use of proceeds Announced use of proceeds(1) Use of proceeds (Revised)(2) Actual use of proceeds Balance of proceeds not yet used To partially finance the acquisition of a portfolio consisting of 2 Pioneer Sector 1, a ramp- up logistics property, Tuas Connection, a light industrial property, and 9 Kallang Sector, a high- specifications industrial property and the associated costs S$113.6 million S$113.6 million S$113.6 million - To partially finance the acquisition of DHL Canal Winchester, a modern Class A logistics property located at 8695 Basil Western Road, Canal Winchester, Ohio 43110, United States and the associated costs S$57.9 million S$57.9 million S$57.9 million - To partially finance the acquisition of a portfolio consisting of six modern Class A logistics properties, being Sant Feliu I to IV in Barcelona, Spain and Torrejon I and II in Madrid, Spain and the associated costs S$108.6 million S$108.6 million S$108.6 million -
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 64 - OTHER INFORMATION (continued) I. Use of proceeds from equity fund raising (continued) Total gross proceeds of approximately S$903.5 million from the Private Placement in March 2026 have been disbursed as follows: (continued) Intended use of proceeds Announced use of proceeds(1) Use of proceeds (Revised)(2) Actual use of proceeds Balance of proceeds not yet used To partially finance the acquisition of a logistics estate located at 25 Loyang Crescent, Singapore 508988 and the associated costs S$218.3 million S$218.3 million - S$218.3 million To partially finance the acquisition of a 50% interest in Ascent, a business park space located at 2 Science Park Drive, Singapore Science Park 1, Singapore 118222 and the associated costs S$93.5 million S$93.5 million S$93.5 million - To partially finance the acquisition of a 49% interest in a data centre located in Greater Osaka, Japan and the associated costs S$188.3 million S$188.3 million S$188.3 million - To partially finance the potential acquisition of a light industrial asset in Singapore and the associated costs S$30.4 million - - - To partially finance the potential acquisition of a ramp-up logistics facility in Singapore and the associated costs S$82.2 million S$82.2 million - S$82.2 million
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 65 - OTHER INFORMATION (continued) I. Use of proceeds from equity fund raising (continued) Total gross proceeds of approximately S$903.5 million from the Private Placement in March 2026 have been disbursed as follows: (continued) Intended use of proceeds Announced use of proceeds(1) Use of proceeds (Revised)(2) Actual use of proceeds Balance of proceeds not yet used To pay the estimated fees and expenses, including professional fees and expenses, incurred or to be incurred by CLAR in connection with the Equity Fund Raising S$10.7 million S$10.2 million S$10.2 million - To be used for debt repayment purposes (including debt previously drawn down for investments, developments and/or asset enhancement initiatives) - S$30.9 million S$30.9 million - Total S$903.5 million S$903.5 million S$603.0 million S$300.5 million (1) As set out in the announcement titled “Results of the Private Placement and pricing of New Units under the Private Placement and the Preferential Offering” dated 25 March 2026. (2) As set out in the announcement titled “Use of Proceeds from the Equity Fund Raising” dated 11 June 2026. J. Directors confirmation pursuant to Rule 705(5) of the Listing Manual The Board of Directors has confirmed that, to the best of their knowledge, nothing has come to their attention which may render these financial results and the interim financial statement, to be false or misleading in any material aspect. K. Confirmation pursuant to Rule 720(1) of the Listing Manual The Manager confirms that it has procured undertakings from all Directors and Executive Officers (in the format set out in Appendix 7.7) pursuant to Rule 720(1) of the Listing Manual of the Singapore Exchange Securities Trading Limited.
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CAPITALAND ASCENDAS REIT FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE HALF YEAR ENDED 30 JUNE 2026 - 66 - This release may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward -looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from similar developments, shifts i n expected levels of property rental income, changes in operating expenses, including employee wages, benefits and training, property expenses, governmental and public policy changes, and the continued availability of financing in the amounts and the terms necessary to support CapitaLand Ascendas REIT’s future business. You are cautioned not to place undue reliance on these forward looking statements, which are based on current view of management on future events. Any discrepancies in the tables included in this announcement between the listed amounts and total thereof are due to rounding. By Order of the Board CapitaLand Ascendas REIT Management Limited (Company Registration No. 200201987K) (as Manager of CapitaLand Ascendas Real Estate Investment Trust) Hon Wei Seng Company Secretary 5 August 2026