Page 15 - ar2012

annual report 2012

13

S$’ 000

Republic Hotels & Resorts Limited

35,211

23.5%

City Hotels Pte. Ltd.

27,704

18.5%

AAPC Clarke Quay Hotel Pte. Ltd.

24,880

16.6%

AAPC Properties Pty Ltd.

19,432

13.0%

Harbour View Hotel Pte. Ltd.

16,695

11.2%

Republic Iconic Hotel Pte. Ltd.

10,862

7.3%

Rendezvous Hotels (NZ) Limited

9,363

6.3%

Gourmets United Pte. Ltd.

775

0.5%

World Spa Health Club Pte. Ltd.

565

0.4%

TAB SG Pte. Ltd.

509

0.3%

TOP 10 TENANTS BY RENTAL INCOME FOR FY 2012

FY 2012

FY 2011

S$’000

Variance

Singapore

120,740

113,414

6.5%

Orchard Hotel

27,704

27,249

1.7%

Grand Copthorne Waterfront Hotel

24,986

24,180

3.3%

M Hotel

16,695

16,410

1.7%

Copthorne King’s Hotel

10,225

10,241

-0.2%

Studio M Hotel

10,862

7,271

(1)

N.M.

Novotel Singapore Clarke Quay

24,880

22,818

9.0%

Orchard Hotel Shopping Arcade

5,388

5,245

2.7%

New Zealand

9,363

8,992

4.1%

Rendezvous Grand Hotel Auckland

9,363

8,992

4.1%

Australia

(2)

19,432

18,701

(3)

3.9%

Novotel Brisbane

(2)

7,022

6,757

(3)

3.9%

Mercure Brisbane

(2)

3,460

3,330

(3)

3.9%

Ibis Brisbane

(2)

2,307

2,221

(3)

3.9%

Mercure Perth

(2)

4,011

3,860

(3)

3.9%

Ibis Perth

(2)

2,632

2,533

(3)

3.9%

N.M. denotes not meaningful

RENTAL INCOME BY PROPERTY

96% of CDLHT’s rental income for FY 2012 comes from the hotel properties and the remaining 4% is from

Orchard Hotel Shopping Arcade, the only retail property owned by CDLHT.

OPERATING/TENANCY LEASE EXPIRY PROFILE AND TENANT MIX BY RENTAL INCOME FOR FY 2012

(1) Studio M Hotel’s rental income for FY 2011 was for the period from 3 May 2011 (date of acquisition) to 31 December 2011.

(2) Includes variable rent of S$1.8 million (A$1.3 million) for FY 2012 (FY 2011: S$0.84 million (A$0.65 million)), which was recognised upon receipt.

(3) There has been a change in the allocation of total variable rent amongst the Australia Hotels. As a result, the balances amongst the individual Australia

Hotels in the previous corresponding period have been reclassifed for consistency.

Hotels F&B Spa / Beauty Entertainment

Tenant Classifcation

Singapore IPO Hotels 53% 20 years from 19 Jul 2006 with an option to renew for another 20 years

Novotel Singapore

17% Approximately 13.5 years from 7 Jun 2007 expiring 31 Dec 2020

Clarke Quay

Studio M Hotel

7% 20 years from 3 May 2011 with an option to renew for three

consecutive additional terms of 20 years + 20 years + 10 years

Rendezvous Grand

6% 10 years from 7 Sep 2006 with an option to renew for another 5 years

Hotel Auckland

Orchard Hotel

4% Range of lease terms - for details on lease expiry profle,

Shopping Arcade

refer to page 43

Australia Hotels

13% Approximately 11 years from 19 Feb 2010 expiring 30 Apr 2021

53%

17%

6%

7%

4%

13%