CapitaLand Integrated Commercial Trust - Annual Report 2021

Well Spread Lease Expiry Profile The WALE (based on gross rental income) for CICT’s office portfolio was 3.2 years as at 31 December 2021. This was attributed to CICT’s proactive leasing strategy, which includes active tenant engagement, forward lease renewals and active management of the portfolio lease expiry profile. As at 31 December 2021, about 18.4% (based on gross rental income) of the office leases expiring in 2022 were under negotiation. Within the 18.4%, lease renewals with two major tenants were completed in January 2022. 2022 2023 2024 % of Expiring Lease Monthly Average Expiring Gross Rent (psf) % of Expiring Lease Monthly Average Expiring Gross Rent (psf) % of Expiring Lease Monthly Average Expiring Gross Rent (psf) Asia Square Tower 2 3.8 11.31 4.6 11.09 4.5 10.79 Capital Tower 4.3 5.99 0.2 8.52 3.9 8.77 CapitaGreen 3.5 11.33 3.8 10.76 4.6 11.35 Six Battery Road 3.3 11.67 2.2 11.96 2.1 11.54 Total 14.9 9.03 10.8 11.07 15.0 10.41 OFFICE PORTFOLIO 1 LEASE EXPIRY PROFILE (As at 31 December 2021) Renewals Completed in Jan 22 and Lease Under Negotiation Monthly Gross Rental Income Occupied Net Lettable Area 1 Basedongross rental incomeas at 31December 2021. Includes CapitaSpring, Raffles City Tower, Funan (office), TheAtrium@Orchard (office), Gallileoand MainAirport Center’s leases; andWeWork’s 7-year lease at 21 Collyer Quay from late 2021. Rent payment for 21 Collyer Quay expected in 2Q2022. 2 Two expiring leases were renewed in January 2022. 3 The existing lease with Commerzbank will terminate in January 2024. The CICT manager is exploring plans for the building. Improving Average Office Portfolio Rent CICT has consistently achieved office rents above market rental rates reported by property consultants for renewals and new leases. In 2021, the average monthly rent for CICT’s Singapore office properties excluding Funan and TheAtrium@Orchard, continued on an upward trajectory, from S$10.27 psf as at Building Average Expired Rents (S$psf) Committed Rents in 2021 (S$psf) Asia Square Tower 2 12.30 10.47 – 13.00 CapitaGreen 11.45 10.35 – 13.30 Six Battery Road 11.03 9.00 – 13.20 Raffles City Tower 9.67 9.20 – 10.50 31 December 2020 to S$10.33 psf as at 31 December 2021. The uplift was largely due to the injection of CapitaSpring into the portfolio. Including Funan and The Atrium@Orchard, the average monthly office portfolio rent would be S$10.02 psf. 2022 2 2023 2024 3 2025 2026 2027 and beyond 20.2% 7.8% 27.7% 9.1% 11.6% 23.6% 20.7% 18.4% 23.7% 6.8% 25.2% 8.7% 13.7% 21.9% CICT’S KEY OFFICE BUILDINGS’ EXPIRY PROFILES AS A PERCENTAGE OF OFFICE PORTFOLIO COMMITTED GROSS RENTAL INCOME CapitaLand Integrated Commercial Trust 66 Operations Review