Investor Presentaiton
Footfall Impacted by Covid-19, Occupancy Remains Strong
GLA Progression vs. Average Footfall
IGLA (sqm 000s)
Footfall (mn)
109
111
109
1,214
1,223
1,075
1,086
1,083
31
7
FY18
FY19
FY20
Occupancy Rates vs. WALT
WALT (years)
Period-End Occupancy (%)
92.6%
93.4%
93.1%
93.2%
91.4%
6.4
5.2
4.9
1QFY20
1QFY21
FY18
5.2
4.6
FY19
FY20
1QFY20
1QFY21
Total GLA climbed 13% y-o-y to 1.223 million sqm, while
average footfall declined from 31.4 million in 1Q-FY20 to
7.1 million in 1Q-FY21 due to the Covid pandemic and
the consequent temporary closure of shopping centres
during the quarter.
WALT increased 13.7% y-o-y to 5.2 years in 1Q-FY21, with
LFL occupancy at the end of the quarter decreasing to
91.4% due to the effects of the Covid crisis on certain
lessees and the allocation of greater space to cineplexes
at ACC centres.
Arabian Centres Company . Investor Presentation
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