Portfolio Overview

Properties Valuation S$3.23 billion as at 31 August 2016
Net Lettable Area 903,837 sq ft
Committed Occupancy Rate 100% as at 31 August 2016
Number of Tenants 454
Total Annual Shopper Traffic 48.3 million *

* From 1 September 2015 to 31 August 2016

Portfolio Committed Occupancy

  As at
31 August
2014
As at
31 August
2015
As at
31 August
2016
Paragon 100.0% 100.0% 100.0%
The Clementi Mall 100.0% 100.0% 100.0%
SPH REIT Portfolio 100.0% 100.0% 100.0%

Portfolio Lease Expiry as at 31 August 2016

  FY2017 FY2018 FY2019 FY2020 FY2021
and beyond
Number of leases expiring 93 124 105 119 13
Expiries as a % of total NLA 18.5% 30.9% 19.8% 20.9% 9.9%
Expiries as a % of Gross Rental Income 16.0% 33.6% 19.1% 25.0% 6.3%

Top 10 Tenants

Tenant(1)(2) Trade Sector Lease Expiry (Year)(3) % of
Rental Income
Tenant A Luxury Brands, Jewellery, Watches 2nd Half 2019 6.4%
Tenant B Departmental Stores & Supermarket, Medical Suite/Office Between 2nd Half 2016 and 2nd Half 2017 4.1%
Tenant C Luxury Brands, Jewellery, Watches, Lifestyle Between 2nd Half 2016 and 2nd Half 2020 2.5%
Tenant D Luxury Brands, Jewellery, Watches 2nd Half 2020 2.1%
Tenant E Luxury Brands, Jewellery, Watches, Lifestyle Between 1st Half 2017 and 2nd Half 2017 1.6%
Tenant F Departmental Stores & Supermarket, Lifestyle Between 1st Half 2019 and 1st Half 2021 1.8%
Tenant G Luxury Brands, Jewellery, Watches 1st Half 2018 1.5%
Tenant H Luxury Brands, Jewellery, Watches 1st Half 2018 1.4%
Tenant I Luxury Brands, Jewellery, Watches 1st Half 2019 1.4%
Tenant J Luxury Brands, Jewellery, Watches, Fashion, Handbags, Shoes & Accessories Between 1st Half 2019 and 2nd Half 2019 1.4%
Total     24.2%

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

SPH REIT's portfolio is well-diversified and relies on different trade sectors for rental income.

The following charts provide a breakdown by Gross Rental Income and NLA of the different trade sectors represented in the portfolio as at 31 August 2016: