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% |
- 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.
- 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:
- 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.
- The names of the tenants cannot be matched to the information set out above for confidentiality reasons.
- 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
