Data as at 31 December 2016.
Our tenants typically have three-year lease terms. The portfolio lease expiry profile remained evenly spread out as at 31 December 2016, with 25.6% and 29.0% of the leases by gross rental income due for renewal in 2017 and 2018 respectively. The portfolio weighted average lease expiry by gross rental income was 2.0 years. For new leases in 2016, the weighted average lease expiry based on the date of commencement of the leases was 2.9 years and accounted for 29.3% of the leases by gross rental income.
|Year||Number of Leases||% of Gross Rental Income2|
|2022 and beyond||26||5.3|
CMT's gross rental income is well distributed within its portfolio of more than 2,900 leases. As at 31 December 2016, no single tenant contributed more than 4.0% of the total gross rental income. Collectively, the 10 largest tenants accounted for about 19.7% of the total gross rental income.
|Tenant||Trade Sector||% of Gross Rental Income2|
|RC Hotels (Pte) Ltd||Hotel||3.2|
|Temasek Holdings (Private) Limited||Office||2.6|
|Cold Storage Singapore (1983) Pte Ltd||Supermarket / Beauty & Health / Services / Warehouse||2.5|
|Robinson & Co. (Singapore) Pte Ltd||Department Store / Beauty & Health||2.5|
|NTUC Enterprise||Supermarket / Beauty & Health / Food & Beverage / Services||2.0|
|Wing Tai Clothing Pte Ltd||Fashion / Sporting Goods||1.6|
|BHG (Singapore) Pte. Ltd||Department Store||1.6|
|Auric Pacific Group Limited||Food & Beverage||1.3|
|Isetan (Singapore) Limited||Department Store / Supermarket||1.2|
|BreadTalk Pte Ltd||Food & Beverage||1.2|
CMT's portfolio is well diversified and leverages on many different trade sectors for rental income. As at 31 December 2016, Food & Beverage (F&B) remained the largest contributor to gross rental income at 30.0% of the total portfolio. Fashion remained the second largest contributor to gross rental income at 13.4%.
Approximately 80.0% of CMT's properties in the portfolio caters to the necessity shopping segment, in terms of gross revenue and asset valuation.
Breakdown of CMT Portfolio1 by Trade Sector
|% of Gross Rental Income2|
|Food & Beverage||30.0|
|Beauty & Health||10.8|
|Gifts & Souvenirs / Toys & Hobbies / Books & Stationery / Sporting Goods||5.4|
|Leisure & Entertainment / Music & Video3||4.6|
|Shoes & Bags||4.3|
|Jewellery & Watches||2.7|
|Electrical & Electronics||1.8|