2024 Highlights Business Operations 3,029 No. of Leases 92.6%1 Portfolio Occupancy +2.0% YoY Tenant Sales +8.7% YoY Shopper Traffic Gross Revenue (RMB million) Distribution Per Unit (S cents) Total Assets (S$ billion) Net Property Income (RMB million) Capital Management 87%2 % of Fixed Rate 3.51%3 Average Cost of Debt 41.9%4 Aggregate Leverage 35%5 RMB-Denominated Debt 2020 2021 2022 2023 2024 1,056.2 1,147.4 91.2 1,826.1 1,851.5 1,837.6 1,912.5 2020 2021 2022 2023 2024 744.0 1,209.9 1,228.4 1,219.1 1,293.7 678.2 65.8 2020 2021 2022 2023 2024 6.35 8.73 7.50 5.65 6.74 4.3 5.6 5.2 4.7 5.0 2020 2021 2022 2023 2024 1 Based on committed leases as at 31 December 2024. 2 Excludes onshore RMB loans. 3 Based on the consolidated interest expense for the financial year reflected over weighted average borrowings on balance sheet for that financial year. 4 In accordance with the Property Funds Appendix, the aggregate leverage is calculated based on the proportionate share of total borrowings and deferred payments over deposited properties. CLCT does not have any deferred payments. 5 Includes FTZ Bond, RMB Bond as well as Cross Currency Interest Rate Swaps (CCIRS) on SGD loans to RMB. Including forward hedges as at 31 December 2024, total RMB as % of Total Debt is approximately 38%. 6 Joint venture refers to CLCT’s 51% stake in Rock Square in 2020. 7 Based on effective stake as at 31 December 2024. 8 Includes Shanghai, Suzhou, Kunshan and Hangzhou. 9 Includes Changsha, Chengdu, Xi’an, Wuhan, Harbin and Hohhot. Asset Class Diversification (by AUM7) Retail 76.4% Business Park 17.0% 6.6% Logistics Park Geographical Diversification (by AUM7) 37.1% 15.2% 15.5% 32.2% Beijing Guangzhou Yangtze Delta Cities8 Other Key Cities9 CLCT group CLCT group Joint venture6 Joint venture6 Retail: 98.2% Business Park: 87.6% Logistics Park: 97.6% Retail: 98.2% Business Park: 87.6% 4 CapitaLand China Trust
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