Portfolio: Tenure Profile The portfolio comprises 15.9% of freehold and 84.1% of leasehold properties based on its aggregate GFA for Singapore and Germany properties and NLA for Australia assets. The weighted average unexpired leasehold remaining is 106 years. Portfolio: Sensitivity Analysis – Impact of Occupancy and Rents Assuming that the monthly average rental rate is maintained for eachmonth in 2023, it is estimated that a 0.5% increase or decrease in occupancy in eachmonth of 2023 would correspondingly result in a S$6.7 million increase or decrease in rental income for FY 2023. Portfolio: Diversified Tenants' Business Trade Mix Sensitivity Analysis: Estimated Rental Income Impact Per Annum S$ million 0.5% Increase in Occupancy 6.7 0.5% Decrease in Occupancy (6.7) 10.0% Increase in Committed Rental Rates 10.8 10.0% Decrease in Committed Rental Rates (10.8) TRADE MIX BY COMMITTED GRI AS AT 31 DECEMBER 2023 Other Retail and Product Trades 21.9% Gifts & Souvenirs / Toys & Hobbies / Books & Stationery / Sporting goods 2.6% Shoes & Bags 1.8% Supermarket 2.5% Electrical & Electronics 1.6% Services 2.4% Department Store 1.4% IT & Telecommunications 2.3% Jewellery & Watches 1.2% Leisure & Entertainment / Music & Video 2.0% Others 1.2% Home Furnishing 1.9% Education 1.0% Other Office Trades 11.6% Business Consultancy 2.4% Energy and Commodities 2.1% Manufacturing and Distribution 2.0% Government 2.0% Legal 1.8% Maritime and Logistics 0.7% Services 0.6% Other Retail and Product Trades 21.9% Banking, Insurance & Financial Services 18.7% Food & Beverage 18.0% Other Office Trades 11.6% Beauty & Health 7.5% Real Estate & Property Services 6.9% Travel & Hospitality 5.7% Fashion 5.0% IT, Media & Telecommunications 4.7% The impact on rental income for every 10.0% increase or decrease in rental rates for leases committed in 2023 for renewals, rent reviews and vacant units would be a variance of approximately S$10.8 million for FY 2023. Overview Leadership Performance Framework Other Information ANNUAL REPORT 2023 57
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