Management Discussion and Analysis REVIEW OF OPERATIONS (CONT'D) RETAIL SECTOR (CONT'D) @Mart Kempas, located in Johor Bahru, is a community-centric retail complex that serves as a one-stop destination for daily essentials, serving the area’s residential enclave. Anchored by Midas Mart, a cash-and-carry grocery superstore, the complex offers a diverse range of products, including groceries, household items, and organic goods. Existing use Community Hypermarket GFA (sq. ft.) 164,625 NLA (sq. ft.) 98,808 Number of Car Park Bays 478 car parking bays and 221 motorcycle parking bays Market Value RM78 million Occupancy Rate 97% @Mart Kempas Tenant Mix by Trade Sector - Gross Rental Income (%) Tenant Mix by Trade Sector - Net Lettable Area (%) Lease Expiry Profile Based on Net Lettable Area (%) Average Occupancy Rate (%) Asset Performance (as of 31 December 2024) 6% 59% 24% 12% 23% 12% 23% 10% 35% 3% 3% 11% 12% Wet Market Retail Kiosk Food Court Anchor/Main Court Wet Market Retail Kiosk Food Court Anchor/Main Court 2025 2026 >2027 2022 97% 2020 2021 2023 2024 96% 97% 98% 97% 1 ABOUT US 29 2 BUSINESS OVERVIEW 3 SUSTAINABILITY STATEMENT 4 CORPORATE GOVERNANCE 5 OTHER INFORMATION 6 FINANCIAL STATEMENTS
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