3PL & E-COMMERCE 62% RETAIL 17% MANUFACTURING 7% COLD CHAIN 5% OTHERS 9% Portfolio Lease Proflie By Income Portfolio Top 10 Tenants By Income Portfolio Lease Expiry Profile By Area Coupang JD.com SB Logistics Corp Amazon Zeny Nakano Shokai Nitori Woolworths Group Emergent Cold Pty Ltd Market Kurly 9.4% 7.2% 3.4% 2.5% 1.8% 1.7% 1.6% 1.4% 1.3% 2.3% 9 of 10 of Group’s Top 10 Tenants are e-commerce related E-commerce-related 2022 15% 12% 10% 13% 14% 17% 9% 10% 3% 3% 3% 1% 1% 11% 12% 32% 33% 1% 2023 2024 2025 2026 2027 and beyond Investment Properties on Balance Sheet Investment Properties held in Funds & Investment Vehicles As at 31 Dec 2021 Investment Properties held on Balance Sheet Investment Properties held in Funds & Investment Vehicles Portfolio WALE (by leased area) 2.9 years 4.7 years 4.5 years WALE (by income) 2.3 years 4.9 years 4.7 years On an Enlarged Group basis, e-commerce and 3PLs represent 62% of our portfolio lease profile by income in FY20211,2. The top 10 tenants in the portfolio accounted for 33% of the FY2021 rental income and 24% of leased area2. Amongst our top 10 tenants, nine of ten are e-commerce related as New Economy remains the main driver for the Enlarged Group. In FY2021, the Enlarged Group leased 4.3 million of space across the portfolio, and 80% of these new leases signed in FY2021 were leased to e-commerce companies and 3PLs2,3. WELL-SPREAD LEASE EXPIRY PROFILE Our Enlarged Group portfolio enjoys stability from its well-spread lease profile, with a weighted average lease expiry (“WALE”) of about 4.5 years by leased area and 4.7 years by income2 as at 31 December 2021, providing a stable and secure income base while benefitting from upward rental growth momentum and external growth opportunities. With healthy occupancies across our portfolio, we will continue to focus on maintaining steady occupancies of 94%3 at ESR and 95%3 at LOGOS. As at 31 December 2021, the Group maintained a strong group portfolio occupancy rate of 94%3. Notes: 1 Based on rental income charged for FY2021 across portfolio. 2 New economy assets only. 3 Based on stabilised investment properties on balance sheet and investment properties held in the funds and investment vehicles. Regional Portfolio Occupancy Greater China South Korea Japan Australia/New Zealand India Southeast Asia Overall Portfolio Occupancy 90% 99% 99% 97% 95% 94% 85% E S R C A Y M A N L I M I T E D A N N U A L R E P O R T 2 0 2 1 85
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