About Ascott Residence Trust
Ascott Residence Trust (Ascott Reit) is Singapore's first and largest hospitality real estate investment trust with an asset value of S$5.7 billion as at 30 September 2019. It was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) since March 2006. Ascott Reit was established with the objective of investing primarily in real estate and real estaterelated assets which are income-producing and which are used or predominantly used, as serviced residences, rental housing properties and other hospitality assets. As at the date hereof, Ascott Reit's international portfolio comprises 74 properties with more than 11,700 units in 37 cities across 14 countries in the Asia Pacific, Europe and the United States of America. Ascott Reit's properties are mostly operated under the Ascott, Citadines and Somerset brands. They are mainly located in key gateway cities such as Barcelona, Berlin, Brussels, Frankfurt, Guangzhou, Hanoi, Ho Chi Minh City, Jakarta, Kuala Lumpur, London, Manila, Melbourne, Munich, New York, Paris, Perth, Shanghai, Singapore and Tokyo. Ascott Reit is managed by Ascott Residence Trust Management Limited, a wholly owned subsidiary of CapitaLand Limited, one of Asia's largest diversified real estate groups.