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Operations
Review
Lease Expiry Profile
CapitaMall Anzhen, CapitaMall Zhengzhou and the majority of the GRA of CapitaMall Shuangjing are let out under
master leases. The master leases are long-term with a typical tenure of 20 years which help to ensure stable cash fows.
For tenants which are not under master leases, the typical lease term is 15 to 20 years for anchor tenants, fve to seven
years for mini-anchor tenants and up to three years for specialty tenants.
New Leases and Renewals
No. of
New Leases/
Renewals in
FY 20121
Variance
Over
Preceding
Rental2,3
%
CapitaMall Xizhimen 143 24.3
CapitaMall Wangjing 110 19.6
CapitaMall Minzhongleyuan 144 10.4
CapitaMall Qibao 69 10.7
CapitaMall Saihan 110 8.2
CapitaMall Wuhu 111 8.9
CRCT Portfolio 687 17.5
1Excluding new leases at newly created lettable area.
2Excluding turnover rent component.
3Majority of leases have rental escalation clauses.
Weighted Average Lease Expiry by Mall (as at 31 December 2012)
Weighted
Expiry
(by Gross
Rental Income)
Weighted
Expiry
(by GRA)
Years Years
CapitaMall Xizhimen 2.9 5.5
CapitaMall Wangjing 4.1 8.1
CapitaMall Anzhen 12.6 12.6
CapitaMall Erqi 13.9 13.9
CapitaMall Shuangjing 10.2 11
CapitaMall Minzhongleyuan 1.0 1.8
CapitaMall Qibao 3.2 5.5
CapitaMall Saihan 4.1 7.5
CapitaMall Wuhu 2.9 5.5
CRCT Portfolio 5.3 8.3
Strengthening Fundamentals, Building a Sustainable Future 50