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CapitaLand Mall Trust
Annual Report 2015
Operations Review
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 2015, with 24.7% and 30.3% of the leases by gross rental income due for renewal in 2016 and 2017
respectively. The portfolio weighted average lease expiry by gross rental income was 2.1 years. For new leases in
2015, the weighted average lease expiry based on the date of commencement of the leases was 2.7 years and
accounted for 33.7% of the leases by gross rental income.
Portfolio Lease Expiry Profile
1
(As at 31 December 2015)
Number of Leases % of Gross Rental Income
2
2016
937
3
24.7
2017
1,030
30.3
2018
926
28.6
2019
135
8.1
2020 and beyond
58
8.3
Total
3,086
100.0
Portfolio Lease Expiry Profile for 2016
1
(As at 31 December 2015)
Property
Number of Leases % of Mall NLA
2
% of Mall Income
3
Tampines Mall
42
23.7
26.5
Junction 8
72
26.2
36.9
Funan DigitaLife Mall
67
41.6
35.7
IMM Building
4
186
30.7
27.8
Plaza Singapura
79
25.4
28.2
Bugis Junction
91
23.6
25.4
Sembawang Shopping Centre
23
40.9
35.9
JCube
86
28.9
39.5
Raffles City Singapore
4
111
25.8
29.9
Lot One Shoppers’ Mall
31
9.4
15.2
Bukit Panjang Plaza
41
29.3
25.9
The Atrium@Orchard
4
37
14.2
21.5
Clarke Quay
18
23.2
22.2
Bugis+
16
11.5
19.3
Westgate
28
5.5
6.0
Bedok Mall
9
2.7
3.6
CMT Portfolio
937
5
23.2
24.7
1 Based on committed leases. Includes CMT’s 40.00% interest in Raffles City Singapore (excluding hotel lease) and CMT’s 30.00% interest
in Westgate.
2 Based on the month in which the lease expires and excludes gross turnover rent.
3 Of which 798 leases are retail leases.
1 Based on committed leases. Includes CMT’s 40.00% interest in Raffles City Singapore (excluding hotel lease) and CMT’s 30.00% interest
in Westgate.
2 As a percentage of NLA for each respective mall as at 31 December 2015.
3 As a percentage of gross rental income for each respective mall and excludes gross turnover rent.
4 Includes non-retail leases for IMM Building, Raffles City Singapore and The Atrium@Orchard.
5 Of which 798 leases are retail leases.
