PORTFOLIO LEASE EXPIRY PROFILE
Our tenants typically have three-year lease terms. The portfolio lease expiry profile remained evenly
spread out as at 31 December 2014, with 28.0% and 28.4% of the leases by gross rental income due
for renewal in 2015 and 2016 respectively.
Portfolio Lease Expiry Profile
1
(As at 31 December 2014)
Number of Leases
% of Gross Rental Income
2
2015
1,012
3
28.0
2016
957
28.4
2017
851
26.1
2018
139
6.9
2019 and beyond
61
10.6
Total
3,020
100.0
1 Based on committed leases.
2 Includes CMT’s 40.00% interest in Raffles City Singapore (office and retail leases, excluding hotel lease) and CMT’s 30.00%
interest in Westgate. Based on the month in which the lease expires and excludes gross turnover rent.
3 Of which 835 leases are retail leases.
Portfolio Lease Expiry Profile for 2015
1
(As at 31 December 2014)
Property
Number of Leases
% of Mall NLA
2
% of Mall Income
3
Tampines Mall
53
19.9
22.0
Junction 8
42
28.8
18.9
Funan DigitaLife Mall
66
28.9
30.2
IMM Building
4
256
28.1
38.4
Plaza Singapura
91
24.2
30.3
Bugis Junction
50
17.4
16.6
JCube
134
48.3
65.3
Raffles City Singapore
4
84
27.9
27.9
Lot One Shoppers’ Mall
44
35.1
30.1
Bukit Panjang Plaza
17
10.9
14.9
The Atrium@Orchard
4
48
17.1
28.3
Clarke Quay
15
9.5
14.2
Bugis+
56
49.7
50.1
Westgate
7
2.0
0.7
Other assets
5
49
50.7
45.8
CMT Portfolio
1,012
6
25.2
28.0
1 Based on committed leases.
2 As a percentage of total NLA for each respective mall as at 31 December 2014.
3 As a percentage of total gross rental income for each respective mall and excludes gross turnover rent. Includes CMT’s
40.00% interest in Raffles City Singapore (excluding hotel lease) and CMT’s 30.00% interest in Westgate.
4 Includes non-retail leases for IMM Building, Raffles City Singapore and The Atrium@Orchard.
5 Includes Sembawang Shopping Centre and Rivervale Mall.
6 Of which 835 leases are retail leases.
Leading with Confidence | 59
