CIT has interests in 42 investment grade industrial properties located in key industrial zones spreading across Singapore.
Diversified Trade Sectors
The tenants are represented in the following trade sectors.
- Logistics and Warehousing
Used by tenants for warehousing, distribution and logistics services including third party logistics and supply chain management.
- Light Industrial
Primarily used by tenants for light industrial activities including assembly and storage of electronics and computer peripherals, medical equipment as well as information technology and system integration.
- Industrial and Warehousing
Used by tenants for production and/or storage of cables, aluminium products, printed circuit boards and metals.
- Industrial
Primarily used by tenants for industrial activities including printing, precision engineering works, metal stamping, plastic injection and extrusion, and metal fabrication works.
- Self Storage and Warehousing
Used by the tenant for operating a self storage business.
- Car Showroom and Workshop
Used by the tenant as a car showroom and service workshop.
Diversified Tenant Trade Sector Mix
- Diversified tenant trade sector mix, mitigating income risk
Rental Income Contribution by Tenant Trade-Sector as at 31 December 2009
Long Average Lease Term and Strong Lease Expiry Profile
- Average lease expiring weighted by income is approx. 4.7 years with approx. 6.7% of portfolio rental expiring before 2013
- Stable portfolio – approx. 1.3% of income due for renewal in FY2010
Lease Expiry Profile as at 31 December 2009
Built-in Portfolio Rental Escalation of ~2.5% pa
- Contracted leases vary from 1 to 15 years with fixed rental escalations providing a low level of volatility in CIT's cashflow
Organic Growth – Rental Escalations
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