Investor Presentaiton
STABLE RETAIL INCOME BASE....
LEASE MATURITY BY AREA
(in millions of square feet)
Average roll of 2.4M sf. annually (7.0% of total GLA per year)
1.7
1.9
2.3
1.7
0.9
1.3
0.6
1.4
0.6
0.8
0.7
0.7
0.4
0.6
0.7
0.6
0.6
1.9
2.0
0.4
1.4
1.4
1.0
0.5
1.2
0.2
0.8
0.9
0.6
0.7
0.3
0.4
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
Month-to-
month
Vacant
Walmart
■ Other Anchor
■Non-anchor
•
Average lease term of 5.0 years
Average remaining lease term of 5.6 years for Walmart,
with multiple renewal options of up to 80 years
SMARTCENTRES REIT | Q2 2019 INVESTOR PRESENTATION
Average remaining lease term excluding Walmart is 4.4 years
■ 2,990,717 sf. or 83.6% of 2019 lease maturities have been
renewed
Average "same property" NOI growth is 1.0% to 1.5% p.a.
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