At Valuation Percentage of Stapled Securityholders’ funds Description of Property Location Tenure of Land Term of Lease Remaining Term of Lease Stapled Group CapitaLand Ascott REIT Group Stapled Group CapitaLand Ascott REIT Group 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 $’000 $’000 $’000 $’000 % % % % Balance brought forward 2,299,193 2,376,898 2,299,193 2,376,898 52.8 59.7 62.3 68.9 Japan (continued) Eslead Residence Osaka Fukushima East(10) 8-7, Sagisu 5-chome, Fukushima-ku, Osaka Freehold Not applicable Not applicable – 19,220 – 19,220 – 0.4 – 0.5 – Eslead Residence Umeda Grande(11) 9-3, Nakatsu 4-chome, Kita-ku, Osaka-shi Osaka Freehold Not applicable Not applicable Not applicable 11,943 13,296 11,943 13,296 0.4 0.4 0.3 0.4 Granfore Hakata Waterfront(12) 104-2, Sekijomachi, Hakata-ku, Fukuoka Freehold Not applicable Not applicable – 40,492 – 40,492 – 0.9 – 1.1 – Gravis Court Kakomachi 13-10, Kakomachi, Naka-ku, Hiroshima Freehold Not applicable Not applicable Not applicable 6,111 6,449 6,111 6,449 0.1 0.2 0.2 0.2 Gravis Court Kokutaiji 2-1-9, Kokutaijimachi, Naka-ku, Hiroshima Freehold Not applicable Not applicable Not applicable 4,544 4,926 4,544 4,926 0.1 0.1 0.1 0.1 Gravis Court Nishiharaekimae 8-38-10, Nishihara, Asaminami-ku, Hiroshima Freehold Not applicable Not applicable Not applicable 3,769 4,098 3,769 4,098 0.1 0.1 0.1 0.1 House Saison Shijo-Dori(13) 47-2, Kasaboko-cho, Shimogyo-ku, Kyoto Freehold Not applicable Not applicable Not applicable 27,337 29,945 27,337 29,945 0.6 0.8 0.7 0.9 Infini Garden 3-2-2,3,4,5 KashiiTeriha, Higashi-ku, Fukuoka Freehold Not applicable Not applicable Not applicable 76,121 78,638 76,121 78,638 1.7 2.0 2.1 2.3 Balance carried forward 2,488,730 2,514,250 2,488,730 2,514,250 57.1 63.3 67.4 72.9 (10) On 5 April 2023, the CapitaLand Ascott REIT Group acquired Eslead Residence Osaka Fukushima East from Eslead Corporation, an unrelated third party. The valuation was based on discounted cashflow method. (11) On 16 December 2022, the CapitaLand Ascott REIT Group acquired Eslead Residence Umeda Grande from Eslead Corporation, an unrelated third party. The valuation was based on discounted cashflow method. (12) On 19 May 2023, the CapitaLand Ascott REIT Group acquired Granfore Hakata Waterfront from KOSE R.E. Co. Ltd., an unrelated third party. The valuation was based on discounted cashflow method. (13) On 30 November 2022, the CapitaLand Ascott REIT Group acquired the properties from ARC-CapitaLand Two TMK, a related corporation. The valuation was based on discounted cashflow method. The accompanying notes form an integral part of these financial statements. PORTFOLIO STATEMENTS As at 31 December 2023 Overview Sustainability & Governance Leadership Portfolio & Performance Financial Statements and Other Information ANNUAL REPORT 2023 179
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