CapitaLand Mall Trust reported unaudited group and trust earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the group reported gross revenue of SGD 169,346,000 against SGD 180,380,000 a year ago. The decrease in gross revenue was mainly due to Funan. Net property income was SGD 116,192,000 against SGD 125,697,000 a year ago. Net income was SGD 88,155,000 against SGD 107,866,000 a year ago. Total return for the period before taxation was SGD 101,345,000 against SGD 234,323,000 a year ago. Total return for the period was SGD 100,319,000 against SGD 233,748,000 a year ago. Distributable income to Unitholders was SGD 102,069,000 against SGD 101,894,000 a year ago. Cash flows from operating activities were SGD 111,653,000 against SGD 112,929,000 a year ago. Capital expenditure on investment properties was SGD 7,570,000 against SGD 21,485,000 a year ago. Capital expenditure on investment properties under development was SGD 18,640,000. Purchase of plant and equipment was SGD 144,000 against SGD 223,000 a year ago. Basic and Diluted EPU was 2.83 cents against 6.60 cents a year ago. DPU was 2.88 cents against 2.88 cents a year ago.

For the quarter, the trust reported gross revenue of SGD 154,795,000 against SGD 166,124,000 a year ago. Net property income was SGD 106,526,000 against SGD 115,407,000 a year ago. Net income was SGD 114,875,000 against SGD 102,239,000 a year ago. Total return for the period before taxation was SGD 130,201,000 against SGD 233,939,000 a year ago. Total return for the period was SGD 129,175,000 against SGD 233,364,000 a year ago. Distributable income to Unitholders was SGD 102,069,000 against SGD 101,894,000 a year ago. Basic and Diluted EPU was 3.65 cents against 6.59 cents a year ago. DPU was 2.88 cents against 2.88 cents a year ago.

For the year, the group reported gross revenue of SGD 689,732,000 against SGD 669,002,000 a year ago. The increase was mainly due to contribution of SGD 43.8 million following the acquisition of Bedok Mall on 1 October 2015, and higher rental achieved for IMM Building, Tampines Mall and Bukit Panjang Plaza, after completion of AEIs in fiscal year 2015. This was offset by lower gross revenue from Funan. Net property income was SGD 479,679,000 against SGD 466,164,000 a year ago. Net income was SGD 402,557,000 against SGD 400,610,000 a year ago. Total return for the period before taxation was SGD 470,426,000 against SGD 580,380,000 a year ago. Total return for the period was SGD 469,400,000 against SGD 579,805,000 a year ago. Distributable income to Unitholders was SGD 394,323,000 against SGD 392,001,000 a year ago. Cash flows from operating activities were SGD 432,858,000 against SGD 422,370,000 a year ago. Capital expenditure on investment properties was SGD 57,370,000 against SGD 94,974,000 a year ago. Capital expenditure on investment properties under development was SGD 18,640,000. Purchase of plant and equipment was SGD 521,000 against SGD 713,000 a year ago. Basic and Diluted EPU was 13.25 cents against 16.65 cents a year ago. DPU was 11.13 cents against 11.25 cents a year ago. NAV /NTA per Unit as at December 31, 2016 was SGD 1.89 against SGD 1.89 a year ago.

For the year, the trust reported gross revenue of SGD 631,609,000 against SGD 654,746,000 a year ago. Net property income was SGD 437,734,000 against SGD 455,874,000 a year ago. Net income was SGD 429,934,000 against SGD 398,933,000 a year ago. Total return for the period before taxation was SGD 499,671,000 against SGD 575,550,000 a year ago. Total return for the period was SGD 498,645,000 against SGD 574,975,000 a year ago. Distributable income to Unitholders was SGD 394,323,000 against SGD 392,001,000 a year ago. Basic and Diluted EPU was 14.08 cents against 16.51 cents a year ago. DPU was 11.13 cents against 11.25 cents a year ago. NAV /NTA per Unit as at December 31, 2016 was SGD 1.81 against SGD 1.78 a year ago.

For the quarter, the group reported assets written off of SGD 7,000 against SGD 19,000 a year ago.