Data as at 31 December 2015.
Annual Shopper Traffic was for the year ended 31 December 2015.
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.
|Year||Number of Leases||% of Gross Rental Income2|
|2020 and beyond||58||8.3|
CMT's gross rental income is well distributed within its portfolio of close to 3,100 leases. As at 31 December 2015, no single tenant contributed more than 4.0% of the total gross rental income. Collectively, the 10 largest tenants accounted for about 19.8% of the total gross rental income.
|Tenant||Trade Sector||% of Gross Rental Income2|
|RC Hotels (Pte) Ltd||Hotel||3.1|
|Cold Storage Singapore (1983) Pte Ltd||Supermarket / Beauty & Health / Services / Warehouse||2.6|
|Temasek Holdings (Private) Limited||Office||2.4|
|Robinson & Co. (Singapore) Pte Ltd||Department Store / Beauty & Health||2.4|
|Wing Tai Clothing Pte Ltd||Food & Beverage / Fashion / Sporting Goods||2.0|
|NTUC Enterprise||Supermarket / Beauty & Health / Food & Beverage / Services||1.9|
|Auric Pacific Group Limited||Food & Beverage||1.6|
|BHG (Singapore) Pte. Ltd||Department Store||1.5|
|Jay Gee Enterprises (Pte.) Ltd||Fashion / Beauty & Health / Sporting Goods / Shoes & Bags||1.2|
|BreadTalk Pte Ltd||Food & Beverage||1.1|
CMT's portfolio is well diversified and leverages on many different trade sectors for rental income. As at 31 December 2015, Food & Beverage (F&B) remained the largest contributor to gross rental income at 29.0% of the total portfolio. Fashion remained the second largest contributor to gross rental income at 14.1%.
Approximately 75.0% of CMT's malls in the portfolio caters to the necessity shopping segment, in terms of gross revenue and asset valuation.
Breakdown of CMT Portfolio1 by Trade Sector
|% of Gross Rental Income2|
|Food & Beverage||29.0|
|Beauty & Health||10.4|
|Gifts & Souvenirs / Toys & Hobbies / Books & Stationery / Sporting Goods||5.2|
|Shoes & Bags||4.6|
|Leisure & Entertainment / Music & Video3||4.4|
|Jewellery & Watches||2.6|
|Electrical & Electronics||2.2|