AL-SALAM REIT ANNUAL REPORT 2019

36 ANNUAL REPORT 2019 Retail @Mart Kempas OPERATIONAL REVIEW OVERVIEW OF PROPERTY @Mart Kempas is a single storey purpose-built hypermarket which had commenced operations since March 2011. Located within Kempas, Johor Bahru surrounded by residential and commercial area, @Mart Kempas’s layout is divided into several areas for, amongst others, a fresh market, dry retail lots, a food court and various promotion area. The 'one stop convenience supermarket' targets the lower and medium market that offers cleaner and more convenient shopping experience compared to the traditional wet market. ii. Trade Sector Analysis (Gross Rental Income) The table below provides a breakdown of the different trade sectors represented in @Mart Kempas as at 31 December 2019. Kiosk 13 3 Food Court 3 6 Retail 37 22 25 16 Wet Market Anchor/ Mini Anchor 18 56 Others 1 - Trade Sector By Occupied NLA (%) Gross Rental Income (%) The table below sets out a summary on @Mart Kempas as at 31 December 2019. Existing Use Community Hypermarket GFA (sq.ft ) 164,460 NLA ( sq.ft) 99,476 Number of Car Park Bays 478 bays Market Value RM66 million Number of Tenancies 223 tenants Occupancy Rate 99% TENANT PROFILE i. Top Ten Tenant The major tenants contributed for approximately 26% of total income. Tenant % of Total Income Unified Vision Sdn Bhd (Midas) 9 J&E Telecommunication Sdn Bhd 3 Linkme LM Trading Sdn Bhd 2 Pasaraya Ku Trading (Melaka) Sdn Bhd 2 Kasut U Sdn. Bhd. 2 Lionmas Furnitures (M) Sdn Bhd 2 Jeko Long Sdn Bhd 2 Mr. D.I.Y (Johor) Sdn Bhd 2 NCH Communication 1 KM Mini Mart 1 TOTAL 26 AL-SALĀM REIT •