Portfolio Overview
As at 31st Dec 2023
| Properties Valuation | S$4.1 billion as at 31 December 2023 |
| Lettable Area | NLA:963,912 sq ft in SG / GLA: 1,721,385 sq ft in Aus |
| Occupancy Rate | 98.1% as at 31 December 2023 |
| Number of Tenants | 887 |
| Footfall | 56.5 million |
Portfolio Occupancy
| As at 31 December 2022 | As at 31 December 2023 | |
|---|---|---|
| SINGAPORE | ||
| Paragon | 99.9% | 100.0% |
| The Clementi Mall | 100.0% | 100.0% |
| The Rail Mall | 100.0% | 95.5% |
| Singapore assets | 99.9% | 99.8% |
| AUSTRALIA | ||
| Westfield Marion | 97.4% | 97.0% |
| Figtree Grove | 99.4% | 97.9% |
| Australia Assets | 98.7% | 97.1% |
Portfolio Lease Expiry as at 31 December 2023
| FY2023 | FY2024 | FY2025 | FY2026 | FY2027 | FY2028 and beyond | |
|---|---|---|---|---|---|---|
| Singapore | ||||||
| By no. of lease expiry | 0% | 16% | 30% | 32% | 18% | 4% |
| By NLA | 0% | 11% | 22% | 33% | 25% | 9% |
| By Gross Rental income | 0% | 12% | 20% | 27% | 28% | 13% |
| Australia | ||||||
| By no. of lease expiry | 12% | 24% | 20% | 13% | 9% | 22% |
| By GLA | 4% | 9% | 6% | 5% | 5% | 71% |
| By Gross Rental Income | 9% | 19% | 14% | 9% | 7% | 42% |
| Portfolio Total | ||||||
| By no. of lease expiry | 5% | 20% | 26% | 24% | 14% | 11% |
| By NLA/GLA | 3% | 10% | 12% | 15% | 12% | 48% |
| By Gross Rental Income | 2% | 13% | 19% | 23% | 24% | 19% |
Top 10 Tenants as at 31 December 2023
PARAGON REIT's portfolio top 10 tenants contributed 20.8% of gross rental income for the month of December 2023. The top 10 tenants by gross rental income are listed below.
| Tenant | Trade Sector | Lease Expiry (Year) | % of total GRI |
|---|---|---|---|
| Tenant A | Luxury brands, jewellery, watches | Between 1H2025 & 2H2029 | 4.7% |
| Tenant B | Department Stores & Supermarket | 1H2027 | 3.1% |
| Tenant C | Luxury brands, jewellery, watches | Between 2H2024 & 2H2027 | 2.9% |
| Tenant D | Department Stores & Supermarket, General retail | Between 1H2025 & 2H2031 | 2.2% |
| Tenant E | Department Stores & Supermarket, Lifestyle | Between 2H2024 & 1H2025 | 1.8% |
| Tenant F | Luxury brands, jewellery, watches | 1H2027 | 1.6% |
| Tenant G | Food & Beverage | Between 1H2025 & 2H2025 | 1.2% |
| Tenant H | Luxury brands, jewellery, watches | Between 1H2025 & 2H2027 | 1.2% |
| Tenant I | Department Stores & Supermarket, Lifestyle | Between 1H2027 & 1H2028 | 1.1% |
| Tenant J | Luxury brands, jewellery, watches | Between 2H2024 & 1H2026 | 1.0% |
By Trade Mix
