AL-SALAM REIT ANNUAL REPORT 2020

43 ANNUAL REPORT 2020 MANAGEMENT DISCUSSION AND ANALYSIS OPERATIONAL REVIEW (ASSET PERFORMANCE) Retail Segment - @Mart Kempas 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’ 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 hypermarket’ targets the lower and medium market that offers cleaner and more convenient shopping experience compared to the traditional wet market. Existing Use Community Hypermarket GFA (sq ft) 164,625 NLA (sq ft) 98,247 Number of Car Park Bays 478 Market Value RM70 million Number of Tenancies 211 TOP 10 TENANTS Tenant %Total Income Unified Vision Sdn Bhd (Midas) 10 J&E Telecommunication Sdn Bhd 3 Pasaraya ku Trading (Melaka) Sdn Bhd 3 Linkme LM Trading Sdn Bhd 2 Kasut U Sdn Bhd 2 Lionmas Furnitures (M) Sdn Bhd 2 Jeko Long Sdn Bhd 2 Cosmo Restaurants Sdn Bhd 2 Ashri Soya Enterprise 2 Mr. D.I.Y. (Johor) Sdn Bhd 1 @MART KEMPAS Occupancy as at 31 December 2020 96 % Tenant Mix by Trade Sector - Based on December 2020 Gross Rental Income Wet Market Kiosk Anchor & M/Anchor Retail Food Court 26% 34% 6% 21% 13% Tenant Mix by Trade Sector - Based on December 2020 Net Lettable Income Wet Market Kiosk Anchor & M/Anchor Retail Food Court 16% 22% 3% 56% 3% Average Ocupancy Rate Average Ocupancy Rate 84% 86% 88% 94% 96% 100% 90% 92% 98% 90% 92% 99% 99% 96% 2016 2017 2018 2019 2020 Lease Expiry Profile Based on Net Lettable Area 2021 2022 2023 >2024 5% 19% 14% 64%