Mapletree Commercial Trust announced unaudited earnings for the third quarter and nine months ended Dec. 31, 2011. For the quarter, the company reported gross revenue of SGD 49,723,000, net income of SGD 24,547,000, income available to distribution to unit holders of SGD 26,627,000 or 1.428 cents per basic and diluted share as compared to gross revenue of SGD 44,903,000, net income of SGD 20,440,000, income available to distribution to unit holders of SGD 20,440,000 or 1.098 cents per basic and diluted share for the same period prior year. Net cash generated from operating activities was SGD 19,094,000 as compared to SGD 17,744,000 for the same period prior year. For the nine months, the company reported gross revenue of SGD 127,432,000, net income of SGD 63,464,000, income available to distribution to unit holders of SGD 69,243,000 or 3.717 cents per basic and diluted share as compared to gross revenue of SGD 121,530,000, net income of SGD 55,321,000, income available to distribution to unit holders of SGD 55,321,000 or 2.973 cents per basic and diluted share for the same period prior year. Net cash generated from operating activities was SGD 69,827,000 as compared to SGD 46,808,000 for the same period prior year. NAV per unit as at Dec. 31, 2011 was SGD 0.951 as compared to SGD 0.911 as at Dec. 31, 2010. This increase in gross revenue was largely due to gross revenue from VivoCity which was 6.3% higher than pro-forma mainly due to the positive impact of recent rent renewals. Increase in net income is due mainly to the higher Net Property Income and lower interest cost on borrowings. Increase in income available for distribution due to the higher net income and also due to non-tax deductible items which were not included in the pro-forma figures. For the third quarter, the trust declared a distribution of 1.428 cents. The payable date is 2 March 2012.