Ascendas Reit

[Nick]

Q1 Results

Press Release
Presentations
Financials

From their Presentations (pg 48),

Dedicated Manager
• One of three REITs where performance fee is linked to DPU growth
• Performance fees are payable to the Manager only if there is a y-o-y growth of at least 2.5% in the distribution per unit

Anyone knows who are the other 2 REITs?

AIMS AMP Industrial REIT AR 2012:

The Manager is also entitled to a performance fee of 0.1% per annum of the value of the Deposited Property, provided that growth in distribution per unit (“DPU”) in a given financial year (calculated before accounting for the performance fee in that financial year) relative to the DPU in the previous financial year exceeds 2.5%. The performance fee is 0.2% per annum if the growth in DPU in a given financial year relative to the DPU in the previous financial year exceeds 5.0%.

Sabana Shari'ah Compliant REIT AR 2011:

a performance fee equal to 0.5% per annum (or such lower percentage as maybe determined by the Manager in its absolute discretion) of the Net Property Income of the Trust or the relevant special purpose vehicles (“SPV”) in each financial year, payable on a yearly basis, provided the Trust achieves at least 10.0% in annual growth in distribution per Unit over the previous financial year (calculated after accounting for the performance fee (if any) for that financial year and after adjusting, at the discretion of the Manager, for any new Units arising from the conversion or exercise of any instruments convertible into Units which are outstanding at the time of calculation, and any rights or bonus issue, consolidation, subdivision or buy-back of Units).