Operations Review Top 10 Tenants (Based on percentage of Total Gross Rental Income in the month of December 2024) Tenanti Brand Names Trade Sector % of Total Gross Rental Incomeii, iii 1 BHG Group of Companies Beijing Hualian Supermarket Supermarket 1.7% 2 JD.com Group of Companies Jingxundi Supply Chain Management Jingbangda Supply Chain Management 7FRESH • E-commerce • Logistics and Warehouse • Supermarket 1.6% 3 Bosideng International Holdings Limited Bosideng Fashion & Accessories 1.1% 4 Bestseller Group of Companies ONLY JACK & JONES VERO MODA Fashion & Accessories 0.9% 5 Hangzhou Yuelong Yuelong Technology Real Estate 0.9% 6 Zhejiang Hebenye Enterprise Management Co., Ltd Zhejiang Hebenye Enterprise Management Real Estate 0.7% 7 Guangdong Yongwang Tee Mall Commerce AEON Supermarket 0.7% 8 Yun Feng Logistics Yun Feng International Logistics and Warehouse 0.7% 9 Ping An Insurance Company Ping An Insurance Financial Services 0.5% 10 Fast Retailing Co., Ltd. Uniqlo Fashion & Accessories 0.5% i Tenants that are under the same group of companies are listed together. ii Includes both gross rental income and the gross turnover rental income (GTO) components. iii Based on CLCT’s effective interest in each property. Including 51% interest in Ascendas Xinsu Portfolio, 80% interest in Ascendas Innovation Hub, 80% interest in Singapore-Hangzhou Science & Technology Park Phase I and Phase II. LEASE RENEWALS AND NEW LEASES In FY 2024, CLCT continued to attract new tenants from diverse trade sectors. The three largest sectors for new leases by net lettable area (NLA) are F&B, Electronics, and E-Commerce. A total of 1,091 new and renewal leases were signed in the retail portfolio in FY 2024, accounting for 105,998 sq m or 26.1% of the retail portfolio’s NLA. These new and renewal leases recorded a rental reversion of -1.1%. In FY 2024, the business park portfolio had a total of 271 new and renewal leases executed, covering 184,452 sq m or 25.9% of the business park portfolio’s NLA. These new and renewal leases recorded a rental reversion of -4.5%. For the logistics park portfolio, a total of 20 new and renewal leases were executed in FY 2024, accounting for 31,494 sq m or 12.0% of the logistics park portfolio’s NLA. These new and renewal leases recorded a rental reversion of -24.5%. The rental reversions across our retail, business park, and logistics properties are consistent with the prevailing market trends in China. Summary of Renewals/New Leasesi,ii (From 1 January 2024 to 31 December 2024) Number of New Leases/Renewals in FY 2024 Area (sq m) % of Total Net Lettable Area Variance Over Preceding Rental Retail Portfolioiii 1,091 105,998 26.1% -1.1% Business Park Portfolioiii 271 184,452 25.9% -4.5% Logistics Park Portfolio 20 31,494 12.0% -24.5% i Includes re-configured units. Excludes newly created units leased, short term renewals (<1 year) and units vacant for ≥ 1 year. ii Calculated as change in effective rent of outgoing old lease versus effective rent of incoming new lease. iii Excludes gross turnover component for retail leases and amenity tenants’ gross turnover component for business park leases. 28 CapitaLand China Trust
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