Investor Presentaiton
5
Resilient Portfolio
Consistent WALE profile
Consistently long WALE (by NLA)
(years)
4.5
FY2016A
4.1
FY2017A
4.2
4.0
3.4
3.5
FY2018A
Healthy lease expiry profile (by NLA, as of 30 Sep 2020)
ā
Existing Portfolio(1)
Approximately 52.9% of expired leases or due to expire in
2020 has renewed/committed to renew their leases.
Average rental reversion as at 30 Sep 20 remained positive
at 4.4%.
13.6%
10.7%
9.4%
10.0%
FY2020E
FY2021E
FY2022E
35.5%
FY2023E
> FY2023E
ā
FY2019A
30Sep2020A
30Sep2020PF*
*Enlarged Porfolio with Lippo
Mall Puri (as of 30 Sep 2020)
Lippo Mall Puri (2)
About 80% of the 2020 expiring leases in Lippo Mall Puri
have renewed their leases in Nov 2020 at rental rates at or
above their previous levels with some of these tenants
renewing their leases at over 20% positive rental reversion
46.7%
13.7%
14.4%
8.1%
4.6%
FY2020E
FY2021E
FY2022E
FY2023E
>FY2023E
Healthy lease expiry profile driven by active lease management
(1) Lease expiry profile of the Existing Portfolio does not include Lippo Mall Puri.
(2) The percentages are calculated based on Puri Mall's NLA as at 30 Sep 2020, which is before the restoration of the P2 Space to
leasable retail space. Changes to the percentages following the restoration of the P2 Space are not expected to be significant.
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