Investor Presentaiton
Continued Lease Renewals with a Flat Releasing Spreads
Number of Leases Renewed
100%
100%
98%
2,044
53%
1,408
1,183
34%
801
750
9%
267
38.5%
Lease Expiry Schedule
31-Mar-20
27.6%
21.4%
26.2%
23.8%
21.1%
12.5%
7.3%
30-Jun-20
>>
FY18
FY19
FY20 1QFY20 4QFY20 1QFY21
Leases Renewed -Percent of Expiring Leases in Fiscal Year
1.7%
1.2%
5.4%
3.9%
1.4%
1.8%
2.0%
0.7%
0.6%
3.1%
2020G 2021G 2022G 2023G 2024G 2025G 2026G 2027G 2028G
The Company renewed a total of 750 leases during 1Q-
FY21 (1,017 calendar YTD), with 34% of leases expiring in
FY21 successfully renewed with a flat renewal spread.
Management is temporarily renewing leases at a short-
term basis to avoid locking a long-term contract at less
favorable market rates in a recovering market.
Arabian Centres Company . Investor Presentation
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