Portfolio Overview

Properties Valuation S$4,125.4 million as at 31 August 2020
Lettable Area NLA: 962,851 sq ft in SG / GLA: 1,708,803 sq ft in Aus
Occupancy Rate 97.7% as at 31 August 2020
Number of Tenants 862
Total Annual Shopper Traffic 53.1 million *

* From 1 September 2019 to 31 August 2020

Portfolio Occupancy

  As at
31 August
2018
As at
31 August
2019
As at
31 August
2020
Paragon 99.6% 99.8% 97.8%
The Clementi Mall 100.0% 100.0% 99.6%
The Rail Mall 94.8% 84.3% 92.2%
Singapore Portfolio 99.4% 99.1% 97.8%
Westfield Marion Shopping Centre - 98.2%a 97.4%
Figtree Grove Shopping Centre - 99.2% 99.2%
Australia Portfolio - 99.2%b 97.7%
SPH REIT Portfolio Total - 99.1%b 97.7%
  1. The occupancy as at 31 August 2019 of 98.2% was before SPH REIT’s acquisition of a 50.0% interest in Westfield Marion, which was completed on 6 December 2019.
  2. SPH REIT’s occupancy as at 31 August 2019 for Australia assets and SPH REIT portfolio total do not include Westfield Marion.

Portfolio Lease Expiry as at 31 August

  FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
and beyond
Singapore Portfolio 21 112 142 176 56 4
Expiries by NLA 2% 21% 22% 32% 16% 7%
Expiries by Gross Rental 0% 23% 26% 30% 14% 7%
           
Australia Portfolio 43 161 52 42 64 59
Expiries by GLA 2% 21% 5% 11% 7% 54%
Expiries by Gross Rental 0% 34% 10% 10% 12% 34%
SPH REIT Portfolio 64 273 194 218 120 63
Expiries by GLA 2% 21% 11% 19% 10% 37%
Expiries by Gross Rental 0% 25% 23% 26% 14% 12%

Top 10 Tenants

Burberry Singapore| Club 21| Cold Storage Singapore| Cortina Watch| Ermenegildo Zegna Far-East| Ferragamo Singapore| Metro| Prada Singapore| Wesfarmers| Woolworths Group

Top 10 Tenants

Tenant(1)(2) Trade Sector Lease Expiry (Year)(3) % of
Rental Income
Tenant A Departmental stores & supermarket Between 1H2021 & 1H2024 3.2%
Tenant B Luxury brands, jewellery, watches Between 2H2022 & 2H2024 3.1%
Tenant C Department Stores & Supermarket Between 2H2021 & 1H2035 3.1%
Tenant D Department Stores & Supermarket, Lifestyle Between 1H2022 & 1H2026 2.3%
Tenant E Luxury brands, Jewellery, Watches Between 1H2022 & 2H2024 1.9%
Tenant F Luxury brands, Jewellery, Watches Between 2H2022 & 1H2023 1.6%
Tenant G Luxury brands, Jewellery, Watches 2H2024 1.2%
Tenant H Departmental stores & supermarket Between 2H2021 & 2H2033 1.1%
Tenant I Luxury brands, Jewellery, Watches 1H2021 1.1%
Tenant J Luxury brands, Lifestyle 1H2023 1.0%
Total     19.6%

Notes:

  1. The list of top 10 tenants above does not take into account one of the tenants which has not consented to the disclosure of its tenancy arrangements in the Annual Report.
  2. The names of the tenants cannot be matched to the information set out above for confidentiality reasons.
  3. Some of the tenants above have signed more than one tenancy agreement and this has resulted in more than one tenancy expiry date for such tenants.

By Trade Mix