Operations Review Retail Lease Expiry Profile All of CLCT’s retail properties are multi-tenanted. In addition to actively enhancing the portfolio’s operating performance and tenancy mix, CLCT strives to balance the stability of longer lease tenures and ensure concepts remain relevant and attractive to the target market. CLCT’s leases typically range from 10 to 15 years for anchor tenants, five to seven years for mini-anchor tenants, and one to three years for specialty tenants. This is in line with market practices in China. To better manage its lease maturities, CLCT engages its tenants proactively ahead of lease expiries. The WALE and lease expiry profile by retail property are as follows: Weighted Average Lease Expiry by Retail Property (as at 31 December 2024) Weighted Expiry (by Gross Rental Income) Years Weighted Expiry (by Net Lettable Area) Years CapitaMall Xizhimen 1.7 2.5 Rock Square 2.2 3.1 CapitaMall Wangjing 1.8 2.6 CapitaMall Grand Canyon 1.9 3.0 CapitaMall Xuefu 1.5 2.2 CapitaMall Xinnan 1.8 3.2 CapitaMall Nuohemule 1.9 4.2 CapitaMall Yuhuating 2.4 4.7 CapitaMall Aidemengdun 2.5 4.1 CLCT Retail Portfolio 1.9 3.2 Lease Expiry Profile for 2025 by Retail Property (as at 31 December 2024) No. of leases % of Gross Rental Incomei, ii % of Net Lettable Areaiii CapitaMall Xizhimen 174 48.7% 35.2% Rock Square 112 30.3% 19.3% CapitaMall Wangjing 139 47.2% 34.0% CapitaMall Grand Canyon 130 50.7% 31.9% CapitaMall Xuefu 325 59.3% 45.2% CapitaMall Xinnan 112 46.8% 35.1% CapitaMall Nuohemule 196 70.7% 48.5% CapitaMall Yuhuating 106 32.3% 20.3% CapitaMall Aidemengdun 118 55.4% 40.0% CLCT Retail Portfolio 1,412 47.2% 34.5% i Excludes gross turnover rent. ii As a percentage of each respective mall’s contractual monthly gross rental income for December 2024. iii As a percentage of each respective mall’s net lettable area for December 2024. 30 CapitaLand China Trust
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