42 CapitaLand Integrated Commercial Trust Retail As a market leader in Singapore's private retail space, CICT’s retail portfolio of approximately 4.7 million sq ft by NLA (based on proportionate interest) is about 45% concentrated in suburban and 55% in downtown. Stable and Healthy Retail Occupancy Due to our proactive leasing strategy and active asset management, CICT’s retail portfolio maintained a healthy committed occupancy of 98.7% as at 31 December 2025. The committed occupancy was above URA's islandwide occupancy of 93.7% for 4Q 2025. 1 Comprises Bedok Mall, Bukit Panjang Plaza, Junction 8, Lot One Shoppers’ Mall, Tampines Mall, Westgate and the retail component of IMM Building. 2 Comprises Bugis Junction, Bugis+, CQ @ Clarke Quay, ION Orchard (50% interest), Plaza Singapura, and the retail components of Funan, Raffles City Singapore and The Atrium@Orchard. Suburban Vs Downtown Proportion By NLA as at 31 December 2025 55% Downtown2 45% Suburban1 Positive Leasing Trends Retail leases typically have rental step-ups during the lease term. On an average gross rent basis, rents of incoming leases registered an increase of 6.6% against rents of outgoing leases for FY 2025. The average rents for suburban and downtown malls achieved positive rent reversions of 7.2% and 6.2%, respectively. This was largely led by healthy leasing demand from both new and existing brands. CICT’s retail portfolio achieved a healthy tenant retention rate of 83.7% in FY 2025 with suburban and downtown malls achieving 80.9% and 85.4%, respectively. Retail rents comprise gross rents and GTO. Overall, the average GTO for the retail portfolio was about 7% for FY 2025, and within the range of 4% and 10% of the respective mall’s retail GRI. Renewed and New Retail Leases for FY 2025 NLA Rent Reversion No. of Renewals/ New Leases Retention Rate (%) Area (sq ft) Percentage of Retail Portfolio (%) Average Incoming Rents vs Average Outgoing Rents (%) Suburban Malls 328 80.9 367,544 7.4 +7.2 Downtown Malls 381 85.4 649,832 13.1 +6.2 CICT Retail Portfolio 709 83.7 1,017,376 20.5 +6.6 Operations Review 1 Committed occupancy excludes any AEI space undergoing works during their respective periods. Committed Occupancy1 (%) As at 31 Dec 2024 As at 31 Dec 2025 Retail Portfolio Suburban Downtown 98.7 99.3 99.9 99.3 98.3 98.8
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