SHOPPING CENTRE OPERATIONAL PERFORMANCE REPORT
31 DECEMBER 2013

SHOPPING CENTRE OPERATIONAL PERFORMANCE REPORT

OVERVIEW OF PORTFOLIO
Westfield Retail Trust’s (the Trust) portfolio of shopping centres is geographically diverse, spread across five states and one territory in Australia, and New Zealand. The centres are generally located near or in major metropolitan areas, are anchored by major retailers with long term leases and incorporate a wide cross-section of specialty retailers and national chain store operators. The Trust’s shopping centre investments are undertaken through joint ventures and co-ownership arrangements, primarily with Westfield Group and major institutional investors. The following table sets out the Trust’s shopping centre portfolio as at 31 December 2013.
Australia New Zealand Total

Centres Retail Outlets GLA (million square metres) Asset Value (billion)1
1. Trust share of shopping centre assets excluding development projects and construction in progress of $247 million. Note: Exchange rate as at 31 December 2013 was AUD/NZ 1.0869

37 10,712 3.3 A$12.4

9 1,409 0.4 NZ$1.4

46 12,121 3.7 A$13.6

Key operating statistics for the shopping centre portfolio (including part-owned shopping centres on a 100% basis) for the year ended 31 December 2013, as applicable, include the following: − Comparable shopping centre net property income growth: 2.0% in Australia and 0.3% in New Zealand − Portfolio leased rate: >99.5% − Weighted average unexpired lease term: 6.9 years (anchor retailers 9.7 years, specialty retailers 3.3 years) − Total number of lease deals completed: 2,395 with an aggregate of 289,071 square metres As at 31 December 2013, the Trust owned interests in 46 shopping centres in Australia and New Zealand. Of these 46 properties, 26 properties are jointly owned with Westfield Group and 20 properties are held through joint