Portfolio Overview

BHG Retail REIT's portfolio consists of six retail properties located in areas surrounded by growing middle or upper-middle income households. Our retail malls serve their communities through their wide range of products, excellent experiential services and popular community engagement activities. Of the six properties, four are multi-tenanted, namely Beijing Wanliu, Chengdu Konggang, Hefei Mengchenglu and Hefei Changjiangxilu. The remaining two properties, Xining Huayuan and Dalian Jinsanjiao, are masterleased to BHG Life Supermarket Co., Ltd.

As at 31 December 2022

311,691 sqm

Gross Floor Area (GFA)

179,555 sqm

Net Lettable Area (NLA)

756

No. of Leases

95.2%

Occupancy Rate

RMB4,703.0 million

(100%)

RMB3,692.2 million

(Based on 60% interest of
Beijing Wanliu)

Independent Valuation

S$66.4 million

2022 Gross Revenue

S$37.7 million

2022 Net Property Income

5.5 years

Weighted Average Lease Expiry by NLA

3.4 years

Weighted Average Lease Expiry by Gross Rental Income

Portfolio Lease Expiry Profile

As at 31 December 2022, the portfolio has a weighted average lease expiry of 3.4 years by gross rental income, and 5.5 years by NLA. Our lease terms typically range from one to three years. Certain key or anchor tenants may be offered longer term leases.

For new and renewed leases which commenced in FY 2022, the weighted average lease expiry based on the date of commencement of the leases is 1.6 years (by gross rental income) and accounts for 20.3% of the gross rental income for the month of December 2022.