Ascendas Hospitality Trust announced unaudited consolidated earnings results for third quarter and nine months ended December 31, 2017. For the quarter, the company reported gross revenue of SGD 58,073,000 against SGD 59,155,000 a year ago. Net property income was SGD 25,205,000 against SGD 26,442,000 a year ago. Net loss before tax was SGD 24,692,000 compared to net profit of SGD 19,878,000 a year ago. Net loss attributable to stapled secutityholders of the trust was SGD 26,334,000 compared to profit of SGD 17,978,000 a year ago. Net cash generated from operations was SGD 17,903,000 against SGD 18,475,000 a year ago. Acquisition of property, plant and equipment was SGD 2,490,000 against SGD 1,581,000 a year ago. LPS for the period based on the weighted average number of Stapled Securities in issue was 2.33 cents against EPS of 1.60 cents a year ago. Gross revenue and net property income decreased as compared to fourth quarter of 2016, mainly due to weaker performance of the Australia portfolio. For the nine months, the company reported gross revenue of SGD 170,022,000 against SGD 167,074,000 a year ago. Net property income was SGD 72,010,000 against SGD 73,392,000 a year ago. Net loss before tax was SGD 4,020,000 compared to profit of SGD 36,858,000 a year ago. Net loss attributable to stapled secutityholders of the trust was SGD 8,882,000 compared to SGD 31,557,000 a year ago. Net cash generated from operations was SGD 53,274,000 against SGD 38,330,000 a year ago. Acquisition of property, plant and equipment was SGD 9,817,000 against SGD 7,887,000 a year ago. LPS for the period based on the weighted average number of Stapled Securities in issue was 0.79 cents against EPS of 2.81 cents a year ago. Net asset value per Stapled Security of the Group, based on Stapled Securities in issue and to be issued as on December 31, 2017 was SGD 0.86. Overall underlying gross revenue performance of the portfolio had improved by SGD 1.9 million over the same period last year. The better performance was augmented by stronger AUD, but partially offset by weaker JPY. Net property income decreased mainly due to lower contribution from Australia hotels. This was partially mitigated by higher contribution from China hotels. Japan hotels' performance was impacted by the JPY.