US Retail and Food Services Sales Growth Update
Significant Leasing Progress for Leases Expiring in 2022 and
Only 1.5% Leases Remain for Renewals
14
Lease Maturity Profile¹
FY 2021 New/ Renewal of Leases²
No. of
Leases
Area
(Sq Ft)
73.4%
Reduced from 9.2%
as at 31 Dec 2020
New Leases:
•
Consumer Services - 7 tenants
•
Food & Beverage - 5 tenants
16
66,682
•
Consumer Goods - 2 tenants
Discount Store
-
1 tenant
Fitness
-
1 tenant
Renewal Leases:
•
Consumer Services - 7 tenants
•
Food & Beverage - 6 tenants
.
Financial 3 tenants
22
22
370,846
8.7%
9.3%
•
Consumer Goods - 3 tenants
3.0%
4.1%
.
1.5%
Grocery & Wholesale - 2 tenants
Home Improvement - 1 tenant
2022
2023
2024
2025
2026
Beyond
2026
Total
38
437,528
1.
Based on base rental income of Grocery & Necessity Properties for the month of December 2021.
2.
Leases are typically triple net with no early termination rights and majority of the leases have built-in fixed rental increases.
UNITED-HAMPSHIREView entire presentation