Mapletree Commercial Trust reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported net income of SGD 35,771,000 or 1.865 cents per diluted unit on gross revenue of SGD 68,403,000 against net income of SGD 28,944,000 or 1.667 cents per diluted unit on gross revenue of SGD 55,894,000 reported for the same period a year ago. Income available for distribution to unitholders of SGD 38,724,000 against SGD 31,191,000 reported a year ago. Net cash generated from operating activities was SGD 45,608,000 against SGD 41,872,000 a year ago. Additions to investment properties were SGD 931,000 against SGD 3,458,000 a year ago. Additions to fixed assets were SGD 22,000. Gross revenue was 22.4% higher compared to same period a year ago due to a result of positive contributions from all properties in the portfolio and new revenue stream from Mapletree Anson following its acquisition on February 4, 2013. Net income increased by 23.6% mainly due to the higher net property income, partially offset by higher finance expenses and higher management fees paid/payable to the Manager.

For the nine months period, the company reported net income of SGD 103,745,000 or 5.419 cents per diluted unit on gross revenue of SGD 198,613,000 against net income of SGD 81,822,000 or 4.750 cents per diluted unit on gross revenue of SGD 158,772,000 reported for the same period a year ago. Income available for distribution to unitholders of SGD 112,328,000 against SGD 88,808,000 reported a year ago. Net cash generated from operating activities was SGD 140,176,000 against SGD 109,668,000 a year ago. Additions to investment properties were SGD 3,000,000 against SGD 6,377,000 a year ago. Additions to fixed assets were SGD 22,000. Gross revenue was 25.1% higher which was a result of positive contributions from VivoCity, PSAB and new revenue stream from Mapletree Anson following its acquisition on February 4, 2013. Net income increased by 26.8% due to the higher net property income, partially offset by higher finance expenses and higher management fees paid/payable to the Manager.