Ascendas India Trust reported consolidated earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company reported total property income of SGD 46.5 million compared to SGD 39.3 million, net property income of SGD 32.6 million compared to SGD 26.4 million, ordinary profit before tax of SGD 22.6 million compared to SGD 20.9 million, profit before tax of SGD 27.43 million compared to SGD 27.41 million, profit attributable to unit holders of the trust of SGD 19.6 million compared to SGD 21.1 million, net cash flows from operating activities of SGD 35.0 million compared to SGD 32.9 million, purchase of equipment of SGD 79,000, earnings per unit of 2.11 cents compared to 2.26 cents per share in last year. Negative NAV per unit of the trust as on December 31, 2017 was SGD 0.02 compared to NAV per unit of the trust as on March 31, 2017 of SGD 0.05. NAV per unit of the group as on December 31, 2017 was SGD 0.79 compared to NAV per unit of the group as on March 31, 2017 of SGD 0.81. Total property income increased by 18% to INR 2.2 billion mainly due to income contribution of INR 313 million (SGD 6.6 million) from: Victor, which was leased out in phases after development was completed in June 2016; BlueRidge 2, which was acquired in February 2017; aVance 4, which was acquired in April 2017; and Atria at The V, which was completed in September 2017. In addition, positive rental reversions and new leases also contributed to the increase. For the nine months, the company reported total property income of SGD 138.2 million compared to SGD 112.5 million, net property income of SGD 94.6 million compared to SGD 75.2 million, ordinary profit before tax of SGD 62.5 million compared to SGD 58.0 million, profit before tax of SGD 64.3 million compared to SGD 64.2 million, profit attributable to unit holders of the trust of SGD 44.9 million compared to SGD 47.6 million, net cash flows from operating activities of SGD 76.7 million compared to SGD 73.4 million, purchase of equipment of SGD 900,000, earnings per unit of 4.82 cents compared to 5.12 cents per share in last year. Total increased by 18% to INR 6.5 billion. This was mainly due to incremental rental income of INR 865 million from Victor, BlueRidge 2, aVance 4 and Atria, which were completed/acquired in June 2016, February 2017, April 2017 and September 2017 respectively. Positive rental reversions also contributed to the increase.