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Aus Analysis in US Format.Xls Centro Properties Group Supplemental Information First Half FY08 (Period ended 31 Dec 2007) For personal use only Table of Contents Glossary............................................................................................................................................................... 3 Australasian Portfolio Section Property Type Summary ......................................................................................................................................5 Properties by State...............................................................................................................................................6 Redevelopments ..................................................................................................................................................7 New Development Activities.................................................................................................................................9 Top Ten Retailers...............................................................................................................................................10 Lease Expiration Schedule ................................................................................................................................ 11 New and Renewal Lease Summary ................................................................................................................... 12 Same Property NOI Analysis.............................................................................................................................. 13 1H08 Acquisitions............................................................................................................................................... 15 Property Portfolio................................................................................................................................................ 16 CNP Direct Property Portfolio..............................................................................................................................20 US Portfolio Section Property Type Summary .....................................................................................................................................22 Properties by State..............................................................................................................................................23 Redevelopments .................................................................................................................................................24 New Development Activities................................................................................................................................27 Top Ten Retailers................................................................................................................................................28 Lease Expiration Schedule .................................................................................................................................29 New and Renewal Lease Summary ....................................................................................................................30 Same Property NOI Analysis...............................................................................................................................31 1H08 Acquisitions................................................................................................................................................33 1H08 Dispositions................................................................................................................................................34 Property Portfolio................................................................................................................................................ 35 For personal use only CNP Direct Property Portfolio..............................................................................................................................50 Debt Section Summary of Outstanding Debt - Centro FUM......................................................................................................56 Summary of Outstanding Debt - CNP..................................................................................................................63 Page 2 Glossary Currency In the Australasian Portfolio section all ABR and NOI figures are presented in Australian dollars. In the US Portfolio section all ABR and NOI figures are provided in US dollars. Time period All data in this report is provided for the first half of the Australian financial year 2008. GLA GLA refers to Gross Lettable Area. In the Australian Porfolio section the GLA is provided in square metres. In the US Portfolio section the GLA is provided in square feet. ABR Annual Base Rent PSM Per Square Metre PSF Per Square Foot NOI Net Operating Income Stabilised All properties not currently under redevelopment. SCCA Shopping Centre Council of Australia DDS Discount Department Store Centro Managed Funds CNP Centro Properties Group CER Centro Retail Trust CAWF Centro Australia Wholesale Fund CAF Centro America Fund DPF Centro Direct Property Fund DPFI Centro Direct Property Fund International CMCS Centro MCS (Syndicates) For personal use only Page 3 Centro Properties Group Australasian Portfolio Supplemental Information First Half FY08 (Period ended 31 Dec 2007) For personal use only Page 4 Centro Properties Group Australasian Portfolio Data - Half Ended 31 December 2007 Property Type Summary - Total Portfolio Number of Percent Leased Properties GLA Leased GLA ABR Stabilised Properties Regional Centres 5 308,869 99.7% 307,985$ 113,518,323 Sub Regional Centres 41 760,637 99.7% 758,416 207,930,935 Convenience Centres 50 377,272 99.0% 373,337 106,427,741 Bulky Goods Centres 3 58,943 100.0% 58,943 9,415,932 CBD Retail Centres 6 71,482 100.0% 71,482 37,175,866 Other 4 96,438 100.0% 96,438 12,387,734 109 1,673,641 99.6% 1,666,601$ 486,856,531 Redevelopment Properties Regional Centres 2 153,483 99.8% 153,180$ 71,011,555 Sub Regional Centres 8 212,139 99.7% 211,553 64,458,712 Convenience Centres 9 82,962 99.8% 82,814 21,387,463 19 448,584 99.8% 447,547$ 156,857,730 New Development Properties Other 1 0 - 0 - TOTAL PORTFOLIO 129 2,122,225 99.6% 2,114,148$ 643,714,261 TOTAL STABILISED PROPERTIES 109 1,673,641 99.6% 1,666,601$ 486,856,531 ABR Percent of Percent of Leased Shopping Centers Shopping Centers GLA Leased GLA Amount PSM ABR Anchor Retailers 898,188 53.9%$ 148,600,467 $ 165.44 30.5% Non-anchor Retailers 768,413 46.1% 338,256,064 440.20 69.5% 1,666,601 100.0%$ 486,856,531 $ 292.13 100.0% According to the SCCA: “A regional centre is defined as a major retail facility within one integrated building structure, incorporating at least one major department store as well as a wide range of other facilities. Sub-regional centres are smaller, built around one or two major discount department stores (DDSs) and one or more supermarkets. Sub-regional centres are usually around 20,000 sq.m in size and include specialty shops. Convenience centres comprise one or more major supermarkets, along with a collection of food and non-food specialty shops and services. CBD centres are enclosed centres anchored by a major retail tenant (i.e. a supermarket, DDS or department store), located in the core retail periphery of Australian capital cities. They comprise a minimum retail floorspace of 1,000 sq.m. A bulky goods centre is defined as a centre managed by a single entity which incorporates large format retailers. For personal use only Page 5 Centro Properties Group Australasian Portfolio Data - Half Ended 31 December 2007 Properties by State - Total Portfolio Number of Percent Leased Percent of Percent of State / Country Properties Leased GLA GLA ABR GLA ABR New South Wales 26 99.4% 426,247 423,631$ 148,239,680 20.1% 23.0% Queensland 29 99.7% 401,345 400,131 120,868,497 18.9% 18.8% Victoria 28 99.7% 497,332 495,768 147,094,631 23.4% 22.9% Western Australia 20 99.9% 343,149 342,697 114,089,585 16.2% 17.7% South Australia 12 99.6% 267,785 266,835 61,842,260 12.6% 9.6% Tasmania 7 99.9% 51,558 51,528 13,865,035 2.4% 2.2% Australian Capital Territory 1 99.3% 75,770 75,211 25,921,436 3.6% 4.0% Northern Territory 2 99.4% 14,345 14,255 3,685,062 0.7% 0.6% New Zealand 4 98.7% 44,693 44,091 8,108,075 2.1% 1.3% 129 99.6% 2,122,225 2,114,148$ 643,714,261 100.0% 100.0% For personal use only Page 6 Centro Properties Group Australasian Portfolio Data - Half Ended 31 December 2007 Redevelopments Construction Expected Expected Adjusted Expected Expected Total Stabilised Return Property Name Fund Location State Project Description GLA Start Date Completion Date Project Cost (1) on Cost (2) (Quarter Ended) (Quarter Ended) Redevelopment Activities Regional 1 Centro Bankstown 50% CAWF / 50% CMCS 28 Bankstown NSW Stage 2 - New Myer store plus two specialty malls. 86,859 Sep-07 Jun-08 52,921,000 8.7% 2 Centro Galleria 50% CER / 50% CAWF Morley WA Target expansion, drainage works and additional car parking. 73,332 Mar-07 Jun-08 4,773,000 7.8% Total / Weighted Average $ 57,694,000 8.6% Sub Regional 1 Centro Arndale 50% CAWF / 50% CMCS 33 Kilkenny SA Stage 1 - New Woolworths supermarket, expanded Big W tenancy, new 51,530 Mar-09 Jun-10 97,292,000 7.8% 'Diner's Life' food court, new 'Fresh Life' food court and construction of a specialty mall. 2 Centro Hervey Bay 50% CAWF / 50% JV Pialba NSW Purchase of adjoining land at site and major redevelopment of centre 36,648 Mar-08 Jun-09
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