BHG RETAIL REIT announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported net property income of SGD 10,536,000 against SGD 9,538,000 a year ago. Net income was SGD 7,612,000 against SGD 6,665,000 a year ago. Total return for the period before taxation was SGD 7,637,000 against SGD 6,667,000 a year ago. Total return for the period after taxation attributable to unit holders was SGD 4,576,000 against SGD 3,875,000 a year ago. Diluted earnings per unit were 0.92 cents against 0.78 cents a year ago. Net cash from operating activities was SGD 4,649,000 against SGD 8,796,000 a year ago. Capital expenditure on investment properties was SGD 1,848,000. Purchase of plant and equipment was SGD 96,000. Net property income rose 10.5% year-on-year. The growth net property income were attributed to underlying rental uplifts achieved for new and renewed leases, as well as in-built rental escalation for ongoing tenancies. For the nine months, the company reported net property income of SGD 31,807,000 against SGD 29,986,000 a year ago. Net income was SGD 23,541,000 against SGD 21,421,000 a year ago. Total return for the period before taxation was SGD 23,540,000 against SGD 36,042,000 a year ago. Total return for the period after taxation attributable to unit holders was SGD 13,324,000 against SGD 16,956,000 a year ago. Diluted earnings per unit were 2.67 cents against 3.42 cents a year ago. Net cash from operating activities was SGD 25,906,000 against SGD 23,617,000 a year ago. Capital expenditure on investment properties was SGD 2,191,000 against SGD 5,585,000 a year ago. Purchase of plant and equipment was SGD 96,000 against SGD 43,000 a year ago. Net asset value per unit as at 30 September 2017 was SGD 0.83 against SGD 0.85 as at 31 December 2016. The group recorded SGD 1.0 million (2.2%) higher gross revenue in the nine months of 2017. This was due mainly to higher rental reversion and increase in occupancy. The increase in revenue is partially offset by the adoption of nation-wide VAT reform in China which came into effect from 1 May 2016 where 5% VAT was netted off against gross revenue.