Page 35 - ar2012

MANAGER’S REPORT
As at 31 March 2012, A-REIT has a tenant base
of over 1,100 international and local companies
from a wide range of industries and activities,
including research and development, life
sciences, information technology, engineering,
light manufacturing, logistics service providers,
electronics, telecommunications, manufacturing
services and back-room offce support in service
industries. The top 10 tenants accounts for only
25.2% of A-REIT’s gross revenue, and the majority
of these tenants are either multi-national or listed
companies. No single property or tenant accounts
for more than 4.5% and 6.0% of A-REIT’s monthly
gross revenue respectively. This provides diversity
within the portfolio.
Weighted Average Lease Term to Expiry (WALE) as at 31 March 2012
Single-tenanted Buildings
Multi-tenanted Buildings
0%
FY12/13 FY13/14 FY14/15 FY15/16 FY16/17 FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 FY22/23 FY23/24 FY24/25 FY25/26
30%
20%
% of A-REIT Property Income
10%
12.6%
12%
13.8%
17.9%
15.7%
6.4%
3.2%
0.6%
3.0%
0.9%
3.1%
0.1%
26.1%
21.6%
11.1%
6.0%
1.6%
3.8% 4.3%
6.5%
1.2% 1.2%
1.4% 1.4%
8.3%
5.9%
4.7%
2.8%
1.0% 0.8%
3.3% 3.4%
1.1% 1.4%
Hi-Tech Industrial
21.3%
Logistics &
Distribution Centres
17.4%
Light Industrial
/Flatted Factories
19.2%
Science Parks
17.9%
Business Parks
24.2%
Transport and storage
Precision Engineering
Others
Food Products & Beverages
Lifestyle and Services
Structural Engineering
IT
Biomedical
Electronics
General Manufacturing
Telecommunication &
Datacentre
Financial Service
33%
11%
10%
7%
7%
7%
6%
5%
5%
4%
4%
1%
Sources of new demand for space in FY11/12
(By net lettable area)
35
A DECADE OF ENABLING BUSINESSES