SENSITIVITY ANALYSIS Assuming the monthly average rental rate is kept the same for the whole of 2024, a 0.5% increase or decrease in occupancy in each month of 2024 would result in an estimated S$1.61 million increase or decrease in rental income for FY 2024 respectively. PORTFOLIO LEASE EXPIRY PROFILE As at 31 December 2024, the portfolio’s weighted average lease expiry (WALE)2 is 1.8 years by GRI and 2.4 years by NLA. For new and renewed leases signed in 20243, the weighted average lease expiry is 1.9 years by GRI and accounts for 47.5% of the committed GRI in the month of December. Portfolio Lease Expiry Profile (%) (as at 31 December 2024) 2025 2026 2027 2028 2029 Beyond 2029 % of Total Gross Rental Income for the month of December 2024 45.4% 23.2% 16.1% 4.8% 5.0% 5.5% % of Total NLA for the month of December 2024 40.4% 19.4% 20.1% 3.1% 4.5% 12.5% RETAIL PORTFOLIO Favourable Lease Structure with Upside CLCT’s retail leases are structured to generate stable income with growth potential. The retail GRI comprises base rental income, service fee and advertising and promotion fee. Approximately 88.6% of the leases (by GRI) include turnover rent provisions, allowing CLCT to benefit from high-performing tenants while ensuring a stable base rent. Additionally, majority of CLCT’s retail leases4 are structured with annual escalations, providing further stable organic growth to the income stream. % OF COMMITTED LEASES WITH TURNOVER RENT PROVISIONS BY GRI (as at 31 December 2024) % OF COMMITTED LEASES WITH TURNOVER RENT PROVISIONS BY NLA (as at 31 December 2024) % of committed leases with turnover rent provisions 88.6% % of committed leases without turnover rent provisions 11.4% % of committed leases with turnover rent provisions 84.8% % of committed leases without turnover rent provisions 15.2% 1 Based on the average exchange rate (SGD/RMB) of 5.380 for FY 2024. 2 Based on leases commenced before 2025, the portfolio's WALE by GRI and NLA would be 1.8 years and 2.1 years respectively. 3 Based on leases entered into and commenced in 2024, the portfolio's WALE by GRI would be 1.7 years and account for 44.1% of the GRI in the month of December. 4 For retail leases that are longer than one year. 29 Annual Report 2024
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