Data as at 31 December 2017 (includes Sembawang Shopping Centre which has been divested on 18 June 2018).
Our tenants typically have three-year lease terms. The portfolio lease expiry profile remained evenly spread out as at 31 December 2017, with 28.1% and 30.7% of the leases by gross rental income due for renewal in 2018 and 2019 respectively. The portfolio weighted average lease expiry by gross rental income was 1.9 years. For new leases in 2017, the weighted average lease expiry based on the date of commencement of the leases was 2.5 years and accounted for 33.1% of the leases by gross rental income.
| Year | Number of Leases | % of Gross Rental Income2 |
|---|---|---|
| 2018 | 1,0173 | 28.1 |
| 2019 | 9323 | 30.7 |
| 2020 | 780 | 25.6 |
| 2021 | 136 | 8.1 |
| 2022 | 35 | 6.6 |
| 2023 and beyond | 11 | 0.9 |
| Total | 2,911 | 100.0 |
| Property | Number of Leases | % of Property NLA2 | % of Property Income3 |
|---|---|---|---|
| Tampines Mall | 68 | 24.4 | 29.9 |
| Junction 8 | 49 | 13.6 | 22.5 |
| IMM Building4 | 244 | 29.8 | 41.3 |
| Plaza Singapura | 85 | 22.1 | 27.9 |
| Bugis Junction | 56 | 16.0 | 18.8 | Raffles City Singapore4 | 64 | 12.2 | 17.6 |
| Lot One Shoppers' Mall | 56 | 59.5 | 44.0 |
| Bukit Panjang Plaza | 43 | 44.9 | 44.8 |
| The Atrium@Orchard4 | 34 | 10.5 | 18.7 |
| Clarke Quay | 19 | 17.2 | 21.2 |
| Bugis+ | 39 | 38.4 | 38.4 |
| Westgate | 78 | 27.7 | 23.5 |
| Bedok Mall | 35 | 17.9 | 17.0 |
| Other assets5 | 147 | 34.4 | 44.8 |
| CMT Portfolio | 1,0176 | 23.9 | 28.1 |
CMT's gross rental income is well distributed within its portfolio of about 2,900 leases. As at 31 December 2017, no single tenant contributed more than 4.0% of the total gross rental income. Collectively, the 10 largest tenants accounted for about 19.7% of the total gross rental income.
| Tenant | Trade Sector | % of Gross Rental Income2 |
|---|---|---|
| RC Hotels (Pte.) Ltd. | Hotel | 3.2 |
| Temasek Holdings (Private) Limited | Office | 2.7 |
| Cold Storage Singapore (1983) Pte Ltd | Supermarket / Beauty & Health / Services / Warehouse | 2.6 |
| Robinson & Company (Singapore) Private Limited | Department Store / Beauty & Health | 2.1 |
| NTUC Enterprise | Supermarket / Beauty & Health / Services | 2.1 |
| BHG (Singapore) Pte. Ltd. | Department Store | 1.7 |
| Wing Tai Retail Management Pte. Ltd. | Fashion / Sporting Goods | 1.5 |
| Auric Pacific Group Limited | Food & Beverage | 1.4 |
| BreadTalk Pte Ltd | Food & Beverage | 1.2 |
| Isetan (Singapore) Limited | Department Store / Supermarket | 1.2 |
| Total | 19.7 |
CMT's portfolio is well diversified and leverages on many different trade sectors for rental income. As at 31 December 2017, Food & Beverage (F&B) remained the largest contributor to gross rental income at 31.0% of the total portfolio. Fashion remained the second largest contributor to gross rental income at 12.4%.
Approximately 80.0% 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 | 31.0 |
| Fashion | 12.4 |
| Beauty & Health | 11.4 |
| Department Store | 6.3 |
| Gifts & Souvenirs / Toys & Hobbies / Books & Stationery / Sporting Goods | 5.1 |
| Leisure & Entertainment / Music & Video3 | 4.6 |
| Services | 4.3 |
| Supermarket | 4.3 |
| Shoes & Bags | 4.2 |
| Office | 3.2 |
| Information Technology & Telecommunications | 3.1 |
| Home Furinishing | 2.6 |
| Jewellery & Watches | 2.4 |
| Electrical & Electronics | 1.6 |
| Education | 1.5 |
| Warehouse | 1.4 |
| Others4 | 0.6 |
| Total | 100.0 |
