Page 15 - 12Mar_Sabana AR 2011 Cover.pdf, page 1 @ Preflight ( 12Mar_S

ANNUAL REPORT 2011 13
The expanded Sabana Shari ’ah Compl iant REIT
portfolio also reflects greater asset type diversification.
For example, the portfolio allocation to high-tech
properties in terms of GFA and property value decreased
by approximately 8.0%. The Manager believes that
the improved diversification of the Sabana Shari’ah
Compliant REIT portfolio in the areas of asset type,
tenant base and industry strengthens the Trust’s position
to provide Unitholders with stable income distributions.
Weighted Average Master Lease Expiry by Gross
Revenue (based on initial IPO portfolio) (7)
Weighted Average Master Lease Expiry by Gross
Revenue (based on enlarged portfolio)(8)
Portfolio Composition
Asset Type by GFA
2011 2012 2013 2014 2015
2011 2012 2013 2014 2015 2016
59.5%
49.4%
40.5%
9.6%
37.7%
3.3%
Initial Portfolio
at IPO (9)
Enlarged
Portfolio(10)
Enlarged
Portfolio(10)
Initial Portfolio
at IPO (9)
■ High-Tech Industrial
44.0%
■ Chemical Warehouse
& Logistics
17.6%
■ Warehouse & Logistics
28.7%
■ General Industrial
9.7%
■ High-Tech Industrial
36.1%
■ Chemical Warehouse
& Logistics
14.5%
■ Warehouse & Logistics
33.6%
■ General Industrial
15.8%
■ High-Tech Industrial
59.2%
■ Chemical Warehouse
& Logistics
16.3%
■ Warehouse & Logistics
18.9%
■ General Industrial
5.6%
■ High-Tech Industrial
50.9%
■ Chemical Warehouse
& Logistics
14.0%
■ Warehouse & Logistics
23.9%
■ General Industrial
11.2%
Asset Type by Property Value
(7) Based on 14 properties that excludes 9 Tai Seng Drive, which is
not on master lease.
(8) Based on 18 properties that excludes 9 Tai Seng Drive which is
not on master lease and 1 Tuas Ave 4. No rentals were collected
for 1 Tuas Ave 4 in November and December 2011. The Manager
is in advanced stage of negotiation with a party for a 10-year lease
for the whole building. The existing Master Lease is set to expire in
approximately 23 months. This property constitutes approximately
2.7% of total portfolio value.
(9) Based on 15 properties.
(10) Includes the acquisitions of the properties at 6 Woodlands Loop,
39 Ubi Road 1, 3A Joo Koon Circle, 21 Joo Koon Crescent and
2 Toh Tuck Link.