CapitaLand Mall Trust reported unaudited group and trust earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the group reported gross revenue of SGD 172,402,000 against SGD 169,346,000 a year ago. The increase was mainly due to higher occupancy for Bugis Junction and The Atrium@Orchard as well as higher carpark income. The increase was partially offset by lower gross revenue from Bedok Mall due to lower rental rates achieved for new and renewed leases and lower occupancy. Net property income was SGD 119,258,000 against SGD 116,192,000 a year ago. Net income before share of results of associate and joint ventures was SGD 84,083,000 against SGD 79,571,000 a year ago. Net income was SGD 102,339,000 against SGD 88,155,000 a year ago. Total return for the period before taxation was SGD 127,271,000 against SGD 101,345,000 a year ago. Total return for the period was SGD 127,112,000 against SGD 100,319,000 a year ago. Distributable income to Unitholders was SGD 102,933,000 against SGD 102,069,000 a year ago. Cash flows from operating activities were SGD 115,117,000 against SGD 111,653,000 a year ago. Capital expenditure on investment properties was SGD 8,999,000 against SGD 7,570,000 a year ago. Capital expenditure on investment properties under development was SGD 37,294,000 against SGD 18,640,000 a year ago. Purchase of plant and equipment was SGD 5,000 against SGD 144,000 a year ago. Basic and Diluted EPU was 3.58 cents against 2.83 cents a year ago. DPU was 2.90 cents against 2.88 cents a year ago.

For the quarter, the trust reported gross revenue of SGD 158,175,000 against SGD 154,795,000 a year ago. Net property income was SGD 109,485,000 against SGD 106,526,000 a year ago. Net income before share of results of associate and joint ventures was SGD 106,097,000 against SGD 114,875,000 a year ago. Net income was SGD 106,097,000 against SGD 114,875,000 a year ago. Total return for the period before taxation was SGD 152,980,000 against SGD 130,201,000 a year ago. Total return for the period was SGD 152,821,000 against SGD 129,175,000 a year ago. Distributable income to Unitholders was SGD 102,933,000 against SGD 102,069,000 a year ago. Basic and Diluted EPU was 4.31 cents against 3.65 cents a year ago. DPU was 2.90 cents against 2.88 cents a year ago.

For the year, the group reported gross revenue of SGD 682,469,000 against SGD 689,732,000 a year ago. Net property income was SGD 478,234,000 against SGD 479,679,000 a year ago. The decrease was mainly due to Funan as the mall ceased its operations for redevelopment from 1 July 2016 and lower rental rates achieved for new and renewed leases as well as lower occupancy for Bedok Mall. This was partially offset by higher rental achieved for IMM, JCube and Clarke Quay. Net income before share of results of associate and joint ventures was SGD 335,291,000 against SGD 335,706,000 a year ago. Net income was SGD 405,664,000 against SGD 402,557,000 a year ago. Total return for the period before taxation was SGD 657,807,000 against SGD 470,426,000 a year ago. Total return for the period was SGD 657,648,000 against SGD 469,400,000 a year ago. Distributable income to Unitholders was SGD 395,824,000 against SGD 394,323,000 a year ago. Cash flows from operating activities were SGD 427,730,000 against SGD 432,858,000 a year ago. Capital expenditure on investment properties was SGD 29,072,000 against SGD 57,370,000 a year ago. Capital expenditure on investment properties under development was SGD 69,889,000 against SGD 18,640,000 a year ago. Purchase of plant and equipment was SGD 371,000 against SGD 521,000 a year ago. Basic and Diluted EPU was 18.55 cents against 13.25 cents a year ago. DPU was 11.16 cents against 11.13 cents a year ago. NAV /NTA per Unit as at December 31, 2017 were SGD 1.95 against SGD 1.89 a year ago. Adjusted NAV /NTA per Unit (excluding the distributable income) as at December 31, 2017 were SGD 1.92 against SGD 1.86 a year ago.

For the year, the trust reported gross revenue of SGD 628,064,000 against SGD 631,609,000 a year ago. Net property income was SGD 441,144,000 against SGD 437,734,000 a year ago. Net income before share of results of associate and joint ventures was SGD 419,346,000 against SGD 429,934,000 a year ago. Net income was SGD 419,346,000 against SGD 429,934,000 a year ago. Total return for the period before taxation was SGD 644,582,000 against SGD 499,671,000 a year ago. Total return for the period was SGD 644,423,000 against SGD 498,645,000 a year ago. Distributable income to Unitholders was SGD 395,824,000 against SGD 394,323,000 a year ago. Basic and Diluted EPU was 18.18 cents against 14.08 cents a year ago. DPU was 11.16 cents against 11.13 cents a year ago. NAV /NTA per Unit as at December 31, 2017 was SGD 1.88 against SGD 1.81 a year ago. Adjusted NAV /NTA per Unit (excluding the distributable income) as at December 31, 2017 were SGD 1.85 against SGD 1.78 a year ago.

For the quarter, the group reported assets written off of SGD 1,000 against SGD 7,000 a year ago.