construction cost, inflation or commercial rental prices. The master leases in Australia are subject to
fixed indexation per annum until the next market review. These master leases have an average
weighted remaining tenure of about four years.
Serviced Residence Management Contracts with Minimum Income Guarantee
Seven of our properties across United Kingdom, Belgium and Spain are on serviced residence
management contracts with minimum guaranteed income. These management contracts have an
average weighted remaining tenure of about four years.
KEY STATISTICS OF OUR PORTFOLIO
(For the year ended 31 December 2014)
Portfolio
Occupancy
Portfolio Average
Daily Rates
Portfolio Revenue
Per Available Unit
Number of
Apartment Units
2013
78% 79%
S$169 S$162
S$132
8,692 10,502
2014
2013
2014
2013
2014
2013
2014
Serviced Residence
Rental Housing
S$128
1,532
7,160
1,921
8,581
1 Portfolio Occupancy, Portfolio Average Daily Rates and Portfolio Revenue per Available Unit information do not include
statistics of the rental housing properties and properties on master leases.
TOP 10 CORPORATE CLIENTS OF ASCOTT REIT BY APARTMENT RENTAL INCOME
Corporate Client
Industry
% of Total
Apartment
Rental Income
Embassies Of OECD Countries
Government & NGOs
1.9%
Samsung Group
Consumers
1.8%
Accenture
Information & Communications Technology
0.8%
Toyota Group
Consumers
0.8%
The Hong Kong and Shanghai
Banking Corporation (HSBC)
Financial Institution
0.6%
BMW
Manufacturing
0.5%
Synergy Corporate Housing
Real Estate & Lodging
0.5%
Amdocs
Information & Communications Technology
0.4%
Citigroup
Financial Institution
0.4%
Shell Group
Energy & Utilities
0.3%
Total
8.0%
Portfolio Overview
62 | Ascott Residence Trust Annual Report 2014
