CALLOWAY REAL ESTATE INVESTMENT TRUST
Supplemental Information Package
For the three months ended June 30, 2006
Calloway Real Estate Investment Trust 700 Applewood Crescent, Suite #200 Vaughan, ON, L4K 5X3 Tel: (905) 326-6400 Fax: (905) 326-0783
www.callowayreit.com
Calloway Real Estate Investment Trust June 2006 Supplemental Information Package
Index
General Information ...... 2
Distribution Reinvestment Plan...... 3
Distribution History...... 3
Average Unit Trading Price...... 4
Average Daily Volume of Units Traded...... 4
Market Capitalization Summary ...... 4
Annualized Gross Rental Revenue by Province ...... 5
Area by Province...... 6
Individual Property Summary...... 7
Top 25 Tenants by Gross Revenue ...... 12
Lease Expiration Schedule ...... 13
Area by Age ...... 14
List of Figures
Figure 1: Annualized Gross Revenue by Province...... 5
Figure 2: Area by Province...... 6
Figure 3: Area by Age ...... 14
1 Calloway Real Estate Investment Trust June 2006 Supplemental Information Package
General Information
Stock Exchange Listing: The Toronto Stock Exchange (TSX)
Trading Symbols: Trust Units CWT.UN
6.0% Convertible Debentures CWT.DB
Corporate Office: Calloway Real Estate Investment Trust 700 Applewood Crescent, Suite #200 Vaughan, ON, L4K 5X3 Canada
Tel: (905) 326-6400 Fax: (905) 326-0783
Senior Management: Simon Nyilassy President and CEO Marc Charlebois Chief Operating Officer Bart Munn Chief Financial Officer
Transfer Agent & Registrar: Computershare Share Trust Company of Canada 100 University Avenue, 9 th Floor Toronto, ON, M5J 2Y1
Auditor: PricewaterhouseCoopers LLP 5700 Yonge Street, Suite 1900 Toronto, Ontario, M2M 4K7
Legal Counsel: Shea Nerland Calnan 1900, 715 - 5 th Avenue SW Calgary, AB, T2P 2X6
2 Calloway Real Estate Investment Trust June 2006 Supplemental Information Package
Distribution Reinvestment Plan
Unitholders who elect to participate will have their monthly cash distributions automatically reinvested in units of Calloway at a price equal to 97% of the average TSX market price over the 10 business days preceding the monthly distribution date.
Calloway’s DRIP will be administered by Computershare Trust Company of Canada. Interested unitholders can also obtain an information package and the necessary registration forms from, or direct any inquiries/concerns regarding the DRIP to, Computershare Trust Company of Canada via telephone at 1-800-564-6253 or via mail at:
Calloway Real Estate Investment Trust c/o Computershare Trust Company of Canada 100 University Avenue, 9 th Floor Toronto, ON, M5J 2Y1 Canada Attention: Dividend Reinvestment Department
Distribution History
Per unit, paid monthly 2006 2005 2004 2003 2002
January $0.12083 $0.10500 $0.09590 $0.09590 n/a February 0.12083 0.10500 0.09590 0.09590 n/a March 0.12083 0.10500 0.09590 0.09590 n/a April 0.12083 0.11333 0.10000 0.09590 n/a May 0.12083 0.11333 0.10000 0.09590 n/a June 0.12083 0.11333 0.10000 0.09590 n/a July 0.11333 0.10500 0.09590 n/a August 0.12083 0.10500 0.09590 n/a September 0.12083 0.10500 0.09590 n/a October 0.12083 0.10500 0.09590 n/a November 0.12083 0.10500 0.09590 $0.09590 December 0.12083 0.10500 0.09590 0.09590
TOTAL $0.72498 $1.37247 $1.21770 $1.15080 $0.19180
3 Calloway Real Estate Investment Trust June 2006 Supplemental Information Package
Average Unit Trading Price
2006 2005 2004 2003 2002
1st Quarter $25.50 $18.64 $15.28 $9.52 n/a 2nd Quarter 24.42 20.06 14.71 9.59 n/a 3rd Quarter 23.27 15.98 10.46 n/a 4th Quarter 23.25 17.60 12.45 9.77 YTD/Annual 25.01 21.93 15.73 11.04 9.77 Closing trading price at $24.45 $23.74 $18.75 $13.75 $9.85 end of period
Average Daily Volume of Units Traded
2006 2005 2004 2003 2002
1st Quarter 176,988 60,368 123,268 5,170 n/a 2nd Quarter 149,869 67,421 87,914 8,868 n/a 3rd Quarter 114,186 92,322 26,003 n/a 4th Quarter 129,654 64,560 25,145 24,918
ANNUAL 163,535 92,789 92,140 16,296 24,918
Market Capitalization Summary
Total Units Date Share Price per Unit Market Capitalization Outstanding (1) June 30, 2006 80,722,245 $24.45 $1,973,658,890 March 31, 2006 70,549,638 $26.50 $1,869,565,407 December 31, 2005 69,549,090 $23.74 $1,651,095,397 December 31, 2004 33,263,171 $18.75 $623,684,456 December 31, 2003 11,297,692 $13.75 $155,343,265 December 31, 2002 5,951,535 $9.85 $58,622,620
(1) includes Calloway Limited Partnership Class B LP and LPII units
4 Calloway Real Estate Investment Trust June 2006 Supplemental Information Package
Geographical Distribution
Annualized Gross Rental Revenue by Province
Province Gross Revenue
Ontario 48.97% Quebec 15.24% British Columbia 11.87% Alberta 6.87% Manitoba 5.34% Newfoundland 3.85% Saskatchewan 3.46% Nova Scotia 2.02% New Brunswick 1.48% Prince Edward Island 0.90%
Total 100.00%
Annualized Gross Rental Revenue by Province
60% 50% 40% 30% 20% 10% 0%
ia o ari berta itoba t lumb l hewan n o A c O Quebec Man kat as Nova Scotia ritish C S New Brunswick Newfoundland B
Prince Edward Island
Figure 1: Annualized Gross Revenue by Province
5 Calloway Real Estate Investment Trust June 2006 Supplemental Information Package
Area by Province
Province Area %
Ontario 7,267,011 45.32% Quebec 2,601,535 16.23% British Columbia 2,006,166 12.51% Alberta 1,183,773 7.38% Manitoba 808,920 5.05% Newfoundland 775,312 4.84% Saskatchewan 592,711 3.70% Nova Scotia 342,671 2.14% New Brunswick 266,476 1.66% Prince Edward Island 188,955 1.18%
Total 16,033,530 100.00%
Area by Province
50%
40%
30%
20%
10%
0%
a a ck a rt an ba rio i e w o and ta ebec sw coti sl he n u n S I olumbi Alb tc O Q a C Manit ka Bru ov sh N ti dward Sas New E Newfoundland Bri ce n Pri
Figure 2: Area by Province
6 Calloway Real Estate Investment Trust June 2006 Supplemental Information Package
Individual Property Summary (June 30, 2006)
Owned Owned Rentable Non-Owned Asset Location Occupancy Anchors and Major Tenants Rentable Area Anchor Area (1) Anchor Area (1)
Retail Properties
British Columbia Bakerview Power Centre Abbotsford, BC 96.36% 91,267 43,088 - Sears, Home Outfitters Courtenay Wal-Mart Centre Courtenay, BC 95.42% 232,728 106,642 - Wal-Mart, Winners, Staples, Future Shop Cranbrook Wal-Mart Centre Cranbrook, BC 100.00% 135,540 107,158 185,556 Wal-Mart, Real Canadian Superstore*, Reitmans Dawson Creek Wal-Mart Centre (2) Dawson Creek, BC 0.00% - - 86,029 Wal-Mart* Kamloops Wal-Mart Centre Kamloops, BC 100.00% 217,252 128,609 42,161 Wal-Mart, Save on Foods*, Michaels, Pier 1 Imports Langley Wal-Mart Centre Langley, BC 100.00% 327,177 207,051 172,161 Wal-Mart, Home Outfitters, Home Depot*, Best Buy New Westminster Wal-Mart Centre New Westminster, BC 100.00% 296,206 131,770 - Wal-Mart, Home Outfitters, Best Buy Prince George Wal-Mart Centre Prince George, BC 100.00% 187,045 133,020 204,247 Wal-Mart, Canadian Tire*, Home Depot*, Reitmans Quesnel Wal-Mart Centre (2) Quesnel, BC 0.00% - - 82,316 Wal-Mart* Vernon Wal-Mart Centre Vernon, BC 95.30% 204,259 107,655 50,300 Wal-Mart, Rona*, Future Shop, Value Village Penticton Power Centre Penticton, BC 98.20% 201,948 110,795 - Zellers, Winners, Staples Subtotal British Columbia 98.56% 1,893,422 1,075,788 822,770
Alberta Calgary Southeast Wal-Mart Centre Calgary, AB 100.00% 215,301 169,079 - Wal-Mart, London Drugs, Mark's Work Wearhouse Crowchild Corner Calgary, AB 100.00% 23,377 - - Remax Calgary Sunridge Centre Calgary, AB 100.00% 51,060 - 347,401 Zellers*, HBC*, Sport Chek*, Future Shop, Petland Edmonton Northeast Wal-Mart Centre Edmonton, AB 100.00% 227,059 130,718 - Wal-Mart, Michaels, Mark's Work Wearhouse Namao Centre Edmonton, AB 100.00% 33,598 - 50,000 Shoppers Drug Mart Lethbridge South Wal-Mart Centre Lethbridge, AB 100.00% 190,943 128,477 95,000 Wal-Mart, Home Depot*, Mark's Work Wearhouse Lloyd Mall Lloydminster, AB 98.42% 205,287 107,877 - Sears, Zellers, Safeway Spruce Grove Wal-Mart Centre Spruce Grove, AB 98.07% 63,096 - 106,000 Wal-Mart*, Mark's Work Wearhouse St. Albert Wal-Mart Centre St. Albert, AB 100.00% 174,052 128,159 91,737 Wal-Mart, Save on Foods*, Totem* Subtotal Alberta 99.62% 1,183,773 664,310 690,138
Saskatchewan
7 Calloway Real Estate Investment Trust June 2006 Supplemental Information Package
Owned Owned Rentable Non-Owned Asset Location Occupancy Anchors and Major Tenants Rentable Area Anchor Area (1) Anchor Area (1)
Regina East Wal-Mart Centre Regina, SK 100.00% 370,735 222,789 218,681 Wal-Mart, Winners, London Drugs, Loblaws*, Rona* Regina North Wal-Mart Centre Regina, SK 100.00% 221,976 170,498 - Wal-Mart, IGA, Mark's Work Wearhouse, TD Bank Subtotal Saskatchewan 100.00% 592,711 393,287 218,681
Manitoba Winnipeg Central Wal-Mart Centre Winnipeg, MB 100.00% 56,966 - 124,410 Wal-Mart*, Golf Town, CIBC Winnipeg Southwest Wal-Mart Centre Winnipeg, MB 100.00% 465,311 252,572 130,000 Wal-Mart, Safeway, Home Outfitters, Winners Winnipeg West Wal-Mart Centre Winnipeg, MB 96.30% 286,643 171,146 75,240 Wal-Mart, Sobeys, Canadian Tire*, Winners Subtotal Manitoba 98.69% 808,920 423,718 329,650
Ontario Ancaster Wal-Mart Centre Ancaster, ON 100.00% 133,535 111,205 50,000 Wal-Mart, Canadian Tire* Yonge Aurora Centre Aurora, ON 100.00% 50,463 - 63,500 Canadian Tire*, Winners, Bank of Nova Scotia Barrie North Wal-Mart Centre Barrie, ON 100.00% 201,612 128,548 81,373 Wal-Mart, Zehrs*, Old Navy, Reitmans Barrie South Wal-Mart Centre Barrie, ON 100.00% 359,227 184,727 - Wal-Mart, Sobeys, Winners, Michaels, LCBO Bolton Wal-Mart Centre Bolton, ON 100.00% 183,146 109,639 160,000 Wal-Mart, Loblaws*, Reitmans, LCBO Brampton East Centre Brampton, ON 100.00% 35,777 - 218,250 Rona*, Canadian Tire*, The Beer Store Brampton East Wal-Mart Centre Brampton, ON 100.00% 227,055 130,702 - Wal-Mart, Winners, Staples, Mark's Work Wearhouse Brampton North Centre Brampton, ON 75.51% 41,566 - 105,855 Fortino's*, Shoppers Drug Mart Burlington / QEW Centre Burlington, ON 100.00% 103,902 - 133,060 Home Depot*, Future Shop, Staples, Sears Burlington North Wal-Mart Centre Burlington, ON 100.00% 46,853 - 129,663 Wal-Mart*, Reitmans, Moores Burlington (Appleby) Centre (2) Burlington, ON 0.00% - - - Cambridge North Centre (2) Cambridge, ON 100.00% 8,814 - 225,000 Sam's Club*, Home Depot* Cambridge Wal-Mart Centre Cambridge, ON 100.00% 517,878 230,392 39,720 Wal-Mart, Rona, Canadian Tire*, Linens n' Things Chatham Wal-Mart Centre** Chatham, ON 100.00% 90,310 66,403 89,000 Wal-Mart, Winners, Loblaws*, Bank of Montreal Cobourg Wal-Mart Centre Cobourg, ON 100.00% 128,429 110,520 80,000 Wal-Mart, Loblaws* Dunnville Wal-Mart Centre (2) Dunnville, ON 0.00% - - - Wal-Mart*, Canadian Tire* Etobicoke Wal-Mart Centre Etobicoke, ON 100.00% 293,735 131,730 135,000 Wal-Mart, Home Depot*, Best Buy, Linens n' Things Fort Erie Wal-Mart Centre (2) Fort Erie, ON 0.00% - - 100,000 Wal-Mart*, Loblaws* Hanover Wal-Mart Centre Hanover, ON 100.00% 15,891 - 150,000 Wal-Mart*, Loblaws*, Mark's Work Wearhouse Huntsville Wal-Mart Centre Huntsville, ON 100.00% 111,008 84,861 68,837 Wal-Mart, Loblaws*, Mark's Work Wearhouse Kapuskasing Wal-Mart Centre Kapuskasing, ON 100.00% 65,592 61,087 - Wal-Mart, Reitmans
8 Calloway Real Estate Investment Trust June 2006 Supplemental Information Package
Owned Owned Rentable Non-Owned Asset Location Occupancy Anchors and Major Tenants Rentable Area Anchor Area (1) Anchor Area (1)
Kenora Wal-Mart Centre Kenora, ON 100.00% 80,881 80,881 58,486 Wal-Mart, Canadian Tire* Laurentian Power Centre Kitchener, ON 100.00% 185,993 116,770 225,978 Zellers, Rona*, Zehrs*, Home Outfitters, Staples, CIBC London Argyle Wal-Mart Centre London, ON 95.34% 365,367 128,638 - Wal-Mart, No Frills, Winners, Sport Chek, LCBO London North Wal-Mart Centre** London, ON 100.00% 136,577 65,295 - Wal-Mart, Winners, Linens n' Things, Golf Town London Northwest Centre (2) London, ON 0.00% - - 130,589 Sam's Club* London Northwest Centre (II) (2) London, ON 0.00% - - - Markham Woodside Centre (I)** Markham, ON 100.00% 162,901 65,197 - Home Depot, Winners, Staples, Chapters, Michaels Markham Woodside Centre (II)** Markham, ON 100.00% 6,750 - 38,000 Longo's*, LCBO Midland Wal-Mart Centre Midland, ON 100.00% 5,789 - 108,528 Wal-Mart*, Boston Pizza Mississauga (Erin Mills) Wal-Mart Centre** Mississauga, ON 99.98% 165,999 103,184 - Wal-Mart, Loblaws, Goodlife Fitness, Bank of Montreal Napanee Wal-Mart Centre (2) Napanee, ON 100.00% 88,649 88,649 - Wal-Mart, Canadian Tire* Ottawa (South Keys) Wal-Mart Centre** Ottawa, ON 100.00% 243,064 122,855 - Wal-Mart, Loblaws, Cineplex Odeon, Future Shop Owen Sound Wal-Mart Centre Owen Sound, ON 93.58% 150,098 105,963 131,000 Wal-Mart, Home Depot*, Reitmans Pembroke Wal-Mart Centre Pembroke, ON 100.00% 11,247 - 200,000 Wal-Mart*, Your Independent Grocer*, Reitmans Pickering Wal-Mart Centre** Pickering, ON 100.00% 307,955 207,911 82,000 Wal-Mart, Sam's Club, Sobeys, Canadian Tire* Renfrew Wal-Mart Centre Renfrew, ON 100.00% 9,471 - 117,189 Wal-Mart*, Canadian Tire*, Mark's Work Wearhouse Sarnia Price Chopper Centre Sarnia, ON 100.00% 79,743 49,152 - Sobeys, LCBO Scarborough / 401 Centre Scarborough, ON 100.00% 74,689 - 111,647 Home Depot*, Staples, Sears, Mark's Work Wearhouse Scarborough Morningside Northwest Wal-Mart Centre Scarborough, ON 100.00% 232,020 176,187 - Wal-Mart, Cineplex Odeon, Reitmans, LCBO St. Catharines North Centre (2) St. Catharines, ON 0.00% - - 253,031 Wal-Mart*, Canadian Tire*, Zehrs* St. Catharines Wal-Mart Centre St. Catharines, ON 93.19% 358,202 127,791 125,240 Wal-Mart, Canadian Tire*, Zehrs*, Home Outfitters St. Thomas Wal-Mart Centre St. Thomas, ON 100.00% 164,823 106,624 189,252 Wal-Mart, Loblaws*, Canadian Tire* British Colonial Building Toronto, ON 93.04% 17,833 - - Irish Embassy Pubs Inc. Westside Plaza Toronto, ON 100.00% 144,377 75,000 - Canadian Tire, Sobeys, Shoppers Drug Mart, CIBC 401 Weston Centre** Toronto, ON 93.24% 170,825 43,920 - Canadian Tire, The Brick, Future Shop, Staples, LCBO 400 & 7 Power Centre Toronto, ON 94.58% 237,949 110,620 - The Brick, Home Depot*, Staples Vaughan Sevenbridge Wal-Mart Centre Vaughan, ON 100.00% 194,576 129,066 - Wal-Mart, Future Shop, Home Outfitters Welland Wal-Mart Centre (2) Welland, ON 100.00% 131,721 131,721 100,939 Wal-Mart, Canadian Tire* Whitby North Wal-Mart Centre Whitby, ON 100.00% 231,771 132,724 164,000 Wal-Mart, Loblaws*, Bank of Nova Scotia, LCBO Windsor Wal-Mart Centre Windsor, ON 94.61% 197,588 129,121 - Wal-Mart, Moores, The Beer Store, CIBC Woodbridge Centre** Woodbridge, ON 97.26% 212,207 - 142,073 Canadian Tire*, Fortino's*, Best Buy, Linens n' Things Woodstock Wal-Mart Centre Woodstock, ON 100.00% 216,281 130,387 68,741 Wal-Mart, Canadian Tire*, Staples, Reitmans Brockville Wal-Mart Centre Brockville, ON 100.00% 34,398 - 322,051 Wal-Mart*, Loblaws*, Home Depot*
9 Calloway Real Estate Investment Trust June 2006 Supplemental Information Package
Owned Owned Rentable Non-Owned Asset Location Occupancy Anchors and Major Tenants Rentable Area Anchor Area (1) Anchor Area (1)
Rexdale Wal-Mart Centre Rexdale, ON 100.00% 32,475 - 126,083 Wal-Mart*, Bank of Nova Scotia Subtotal Ontario 98.58% 7,267,011 3,777,467 4,524,085
Quebec Anjou Home Outfitters Centre Anjou, QC 100.00% 42,431 40,030 - Home Outfitters Beauport Wal-Mart Centre Beauport, QC 94.27% 174,271 128,206 118,806 Wal-Mart, Canadian Tire*, Tanguay*, Reitmans Drummondville Wal-Mart Centre Drummondville, QC 73.45% 47,855 - 245,224 Wal-Mart*, Loblaws*, Mark's Work Wearhouse, CIBC Hull Silver City** Hull, QC 100.00% 24,997 - 184,500 Rona*, Famous Players*, Winners Hull Wal-Mart Centre** Hull, QC 100.00% 122,683 52,700 129,717 Wal-Mart, Cineplex Odeon*, Super C*, Staples Laval West Wal-Mart Centre Laval, QC 100.00% 549,362 252,973 124,000 Wal-Mart, Rona, IGA*, Canadian Tire*, Best Buy Mascouche Wal-Mart Centre Mascouche, QC 97.46% 364,153 190,990 120,000 Wal-Mart, Sobeys, Home Outfitters, Rona* Montreal (Decarie) Wal-Mart Centre** Montreal, QC 100.00% 112,383 64,104 - Wal-Mart, Mark's Work Wearhouse, Pier 1 Imports Montreal North Wal-Mart Centre Montreal, QC 100.00% 247,054 173,668 - Wal-Mart, Sobeys, Winners, Mark's Work Wearhouse Rimouski Wal-Mart Centre Rimouski, QC 100.00% 167,648 127,087 104,973 Wal-Mart, Tanguay*, Super C*, Reitmans Saint-Constant Wal-Mart Centre Saint-Constant, QC 100.00% 302,357 168,235 95,000 Wal-Mart, Metro Richelieu, Home Depot*, L'Aubenerie Saint-Jean Wal-Mart Centre Saint-Jean-sur-Richelieu, QC 100.00% 168,354 127,356 80,000 Wal-Mart, Maxi*, Mark's Work Wearhouse, TD Bank Saint-Jerome Wal-Mart Centre Saint-Jerome, QC 100.00% 116,750 44,856 252,983 Wal-Mart*, Sobeys, Home Depot*, TD Bank Valleyfield Wal-Mart Centre Valleyfield, QC 100.00% 161,236 107,128 - Wal-Mart, Reitmans Subtotal Quebec 98.77% 2,601,535 1,477,333 1,455,203
New Brunswick Saint John Wal-Mart Centre Saint John, NB 100.00% 266,476 173,390 102,122 Wal-Mart, Winners, Kent*, Future Shop, Sport Chek Subtotal New Brunswick 100.00% 266,476 173,390 102,122
Nova Scotia Bridgewater Wal-Mart Centre Bridgewater, NS 100.00% 23,346 - 149,933 Wal-Mart*, Canadian Tire*, Boston Pizza Halifax Bayers Lake Centre Halifax, NS 100.00% 155,377 - 300,000 Loblaws*, Zellers*, Future Shop, Winners, Reitmans New Minas Wal-Mart Centre New Minas, NS 100.00% 45,487 - 108,994 Wal-Mart*, Sport Chek Truro Wal-Mart Centre Truro, NS 100.00% 118,461 106,329 60,000 Wal-Mart, Kent*, Reitmans Subtotal Nova Scotia 100.00% 342,671 106,329 618,927
Prince Edward Island
10 Calloway Real Estate Investment Trust June 2006 Supplemental Information Package
Owned Owned Rentable Non-Owned Asset Location Occupancy Anchors and Major Tenants Rentable Area Anchor Area (1) Anchor Area (1)
Charlottetown Wal-Mart Centre Charlottetown, PE 97.88% 188,955 104,392 210,000 Wal-Mart, Canadian Tire*, Home Depot*, Sobeys* Subtotal Prince Edward Island 97.88% 188,955 104,392 210,000
Newfoundland Corner Brook Wal-Mart Centre Corner Brook, NL 100.00% 177,565 106,352 135,240 Wal-Mart, Canadian Tire*, Loblaws*, Staples Gander Wal-Mart Centre (2) Gander, NL 0.00% - - 148,402 Wal-Mart*, Home Depot* St. John's (Kenmount) Wal-Mart Centre St. John's, NL 100.00% 76,259 48,741 310,854 Wal-Mart*, Sobeys, Home Depot*, Canadian Tire* St. John's (Mount Pearl) Wal-Mart Centre St. John's, NL 100.00% 248,736 131,001 165,351 Wal-Mart, Canadian Tire*, Loblaws*, Staples St. John's (Stavanger) Wal-Mart Centre St. John's, NL 100.00% 272,752 128,273 - Wal-Mart, Winners, Sport Chek, Pier 1 Imports Subtotal Newfoundland 100.00% 775,312 414,367 759,847
Total Retail Assets 98.86% 15,920,786 8,610,381 9,731,423
Industrial Properties
Airtech Centre Vancouver, BC 100.00% 112,744 50,193 - MTU Maintenance
Total Industrial Assets 100.00% 112,744 50,193 -
Total Portfolio 98.87% 16,033,530 8,660,574 9,731,423
* Non-owned anchor ** CWT interest – Indicates Calloway’s ownership interest (CWT owns a 44.4% interest in the 401 Weston Centre, 49.9% interests in Hull Wal-Mart Centre and Hull Silver City, 50% interests in London North Wal-Mart Centre, Chatham Wal-Mart Centre, St. Jerome Wal-Mart Centre, St. John’s Kenmount Wal-Mart Centre, Ottawa Southkeys Wal-Mart Centre, Montreal Decarie Wal-Mart Centre, Markham Woodside I and II Centres, and Woodbridge Piazza del Sol Centre, and 60% interests in Pickering Wal-Mart Centre and Mississauga South Common Wal-Mart Centre ) (1) Anchors are tenants in excess of 40,000 square feet. (2) Development property
11 Calloway Real Estate Investment Trust June 2006 Supplemental Information Package
Top 25 Tenants by Gross Revenue
% of Gross Rental Rank Tenant Revenue
1 Wal-Mart 28.60% 2 Reitmans Group of Companies 3.69% 3 HBC 3.63% 4 Best Buy / Future Shop 3.58% 5 Mark's Work Wearhouse 3.50% 6 Winners 3.21% 7 Sobeys / IGA 2.99% 8 Staples / Business Depot 2.56% 9 Cara Restaurants 1.81% 10 Rona 1.45% 11 Payless Shoesource 1.18% 12 Michaels 1.12% 13 Linens n' Things 0.99% 14 Old Navy 0.93% 15 London Drugs 0.87% 16 Hallmark 0.77% 17 EB Games 0.77% 18 LCBO 0.77% 19 Canadian Tire 0.72% 20 Tim Hortons/ Wendy's 0.71% 21 Moores 0.71% 22 Sleep Country 0.69% 23 Loblaws 0.67% 24 The Source by Circuit City 0.64% 25 Cineplex Odeon 0.64%
Total 67.20%
12 Calloway Real Estate Investment Trust June 2006 Supplemental Information Package
Lease Expiration Schedule
Area Area Gross Average Rent Year of Expiry (sq. ft.) (%) Revenue per sq. ft.
2006 183,732 1.15% $2,295,035 $12.49 2007 289,524 1.81% $4,295,484 $14.84 2008 362,340 2.26% $6,565,339 $18.12 2009 386,043 2.41% $6,812,387 $17.65 2010 630,489 3.93% $9,844,759 $15.61 2011 963,686 6.01% $15,631,532 $16.22 2012 721,599 4.50% $12,138,406 $16.82 2013 1,184,385 7.39% $21,241,659 $17.93 2014 1,095,634 6.83% $18,581,867 $16.96 2015 1,017,887 6.35% $17,776,420 $17.46 2016 603,769 3.77% $8,935,946 $14.80 2017 739,212 4.61% $9,301,813 $12.58 2018 379,447 2.37% $4,444,543 $11.71 2019 1,315,602 8.21% $11,714,560 $8.90 2020 1,235,803 7.71% $11,757,817 $9.51 2021 1,346,102 8.40% $11,555,765 $8.58 Beyond 3,396,607 21.18% $34,323,104 $10.11 Vacant 181,669 1.13% $0 $0.00
Total 16,033,530 100% $207,216,436 $12.92
Weighted Average Lease Expiry by area = 10.8 years
13 Calloway Real Estate Investment Trust June 2006 Supplemental Information Package
Area by Age
Age Area % Area
2000 - present 13,570,201 84.64% 1995 - 1999 1,695,313 10.57% Before 1994 768,015 4.79%
Total 16,033,530 100.00%
Weighted Average Age by area = 5.0 years
Area by Age
100%
80%
60%
40%
20%
0% 2000 - present 1995 - 1999 Before 1994 Year Built
Figure 3: Area by Age
14