CapitaLand Ascendas REIT invests in properties used for industrial, logistics, and business activities in Singapore, Australia, the US, Europe, and Japan. Its portfolio is well diversified, consisting of business and science parks, high-specification industrial properties, data centers, light industrial properties, and logistics and distribution centers. Since IPO, the manager has expanded the trust’s assets under management and distributions per unit by using a mixture of active lease management, asset-enhancement initiatives, and capital recycling.