CapitaLand Malaysia Mall Trust | Annual Report 2020
PORTFOLIO LEASE EXPIRY PROFILE The portfolio lease expiry remained spread out as at 31 December 2020, with 41.0% and 34.6% of the leases by gross rental income due for renewal in 2021 and 2022 respectively, with the balance expiring from 2023 onwards. For the portfolio lease expiry profile as at 31 December 2020 by gross rental income, 7.8% is made up by the lease expiry cases of anchor and mini anchor tenants. About 622 leases are due to expire in 2021. Portfolio Lease Expiry Profile (as at 31 December 2020) Number of Leases % of Gross Rental Income 2021 622 41.0 2022 333 34.6 2023 and beyond 205 24.4 Portfolio Lease Expiry Profile for 2021 (as at 31 December 2020) Property Number of Renewals % of Gross Rental Income % of Net Lettable Area Gurney Plaza 190 16.7 10.8 East Coast Mall 100 8.2 5.8 Sungei Wang Plaza 99 3.0 4.5 3 Damansara Property 88 6.0 11.4 The Mines 145 7.1 12.9 CMMT Portfolio 622 41.0 45.4 Most of the tenancies for each CMMT property typically have a three-year lease term. TOP 10 TENANTS CMMT’s gross rental income is well distributed within its portfolio of about 1,175 leases. Collectively, the 10 largest tenants accounted for about 14.4% of the total gross rental income. 10 Largest Tenants of CMMT (as at 31 December 2020) Tenant Trade Sector % of Gross Rental Income Parkson Elite / Parkson Departmental Store 5.6 Padini Concept Store Fashion / Accessories 1.4 Golden Screen Cinemas Leisure & Entertainment / Sports & Fitness 1.2 CGS-CIMB Securities Sdn. Bhd. Others 1.1 Uniqlo Fashion / Accessories 0.9 Watsons Beauty / Health 0.9 F.O.S Fashion / Accessories 0.9 JD Sports / JD Sports, King of Trainers Leisure & Entertainment / Sports & Fitness 0.8 Nando’s Food & Beverage 0.8 MR D.I.Y. Houseware / Furnishings 0.8 Total 14.4 35 BECAUSE TOMORROW MATTERS
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