AL-SALAM REIT ANNUAL REPORT 2020

46 AL-SALĀM REIT OVERVIEW OF PROPERTY The 25-storey, Menara KOMTAR is a purpose-built office tower located in Flagship Zone A of Iskandar Malaysia which is established with the key development strategy to regenerate Johor Bahru into a vibrant economic centre while preserving its cultural and heritage values. It is also located strategically within proximity of the world’s most dynamic economic at the confluence of important East-West trade routes and part of the Indonesia- Malaysia-Singapore Growth Triangle. Existing Use Community Hypermarket GFA (sq ft) 242,195 NLA (sq ft) 160,592 Number of Car Park Bays 208 Market Value RM73 million Number of Tenancies 19 MANAGEMENT DISCUSSION AND ANALYSIS OPERATIONAL REVIEW (ASSET PERFORMANCE) Office Segment - Menara KOMTAR TOP 10 TENANTS Tenant %Total Income JCORP 76 TPM Technopark Sdn Bhd 8 Damansara Assets Sdn Bhd 6 MENARA KOMTAR Occupancy as at 31 December 2020 86 % Tenant Mix by Trade Sector - Based on December 2020 Gross Rental Income Tenant Mix by Trade Sector - Based on December 2020 Net Lettable Income JCorp Damansara Assets Sdn Bhd TPMTechnopark Sdn Bhd Others 76% 6% 10% 8% JCorp Damansara Assets Sdn Bhd TPMTechnopark Sdn Bhd Others 56% 11% 12% 8% Average Ocupancy Rate Average Ocupancy Rate 84% 86% 90% 92% 94% 88% 93% 91% 90% 89% 86% 2016 2017 2018 2019 2020 Lease Expiry Profile Based on Net Lettable Area 2021 2022 2023 2024 32% 26% 10% 58%