CapitaLand Ascendas REIT (originally known as Ascendas Real Estate Investment Trust) was officially listed on the Singapore Exchange (SGX) in November 2002, marking a historic milestone as Singapore's very first business space and industrial real estate investment trust. Over subsequent decades, it expanded rapidly through organic development and cross-border portfolio acquisitions, eventually rebranding under the CapitaLand umbrella while maintaining its prominent market position.