Portfolio Statements As at 31 December 2024 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 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 $’000 $’000 $’000 $’000 % % % % Balance brought forward 1,151,163 1,242,637 1,151,163 1,242,637 26.2 28.7 30.8 33.6 Germany Citadines Arnulfpark Munich(2) Arnulfstrasse 51, 80636 München Freehold Not applicable Not applicable Not applicable 39,327 38,892 39,327 38,892 0.9 0.9 1.0 1.1 Citadines City Centre Frankfurt(2) Europa-Allee 23, 60327 Frankfurt am Main Freehold Not applicable Not applicable Not applicable 55,171 55,811 55,171 55,811 1.3 1.3 1.5 1.5 Citadines Kurfürstendamm Berlin(2) Olivaer Platz 1, 10707 Berlin-Wilmersdorf Freehold Not applicable Not applicable Not applicable 24,190 22,412 24,190 22,412 0.5 0.5 0.6 0.6 Citadines Michel Hamburg(2) Ludwig-Erhard-Straβe 7, 20459 Hamburg Leasehold 99 years 86 years 87 years 50,927 50,537 50,927 50,537 1.2 1.2 1.4 1.4 The Madison Hamburg Schaarsteinweg 4, 20459 Hamburg Freehold Not applicable Not applicable Not applicable 84,468 87,358 84,468 87,358 1.9 2.0 2.3 2.4 Indonesia Ascott Jakarta Jalan Kebon Kacang Raya No. 2, Jakarta 10230 Leasehold 30 years 29 years 30 years 53,304 53,771 53,304 53,771 1.2 1.2 1.4 1.5 Ascott Kuningan Jakarta(3) Ciputra World 1 Jalan Prof Dr Satrio Kav. 3-5 Jakarta 12940 Leasehold 30 years 2 years 3 years 54,949 55,638 54,949 55,638 1.3 1.3 1.5 1.5 Somerset Grand Citra Jakarta Jalan Prof Dr Satrio Kav. 1, Jakarta 12940 Leasehold 20 years 20 years 21 years 33,342 34,188 33,342 34,188 0.7 0.8 0.9 0.9 Balance carried forward 1,546,841 1,641,244 1,546,841 1,641,244 35.2 37.9 41.4 44.5 (2) As at 31 December 2024, these 17 (31 December 2023: 16) investment properties are leased to related corporations under master lease arrangements. (3) On 30 November 2023, the CapitaLand Ascott REIT Group acquired Ascott Kuningan Jakarta from Piatra Pte Ltd, a related corporation. The valuation was based on discounted cash flow method. The valuation of the property as at 31 December 2024 and 31 December 2023 was based on the assumption that the lease will be renewed upon its expiry. The accompanying notes form an integral part of these financial statements. 132 CapitaLand Ascott Trust
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