Ascendas India Trust reports consolidated earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net property income of SGD 18.631 million compared to SGD 17.460 million a year ago. Total property income was SGD 31.740 million compared to SGD 30.634 million a year ago. Loss before change in fair value of investment properties, and unrealized financial derivatives and foreign exchange loss was SGD 7.152 million compared to profit before change in fair value of investment properties, and unrealized financial derivatives and foreign exchange gain of SGD 14.665 million a year ago. Profit before income tax was SGD 8.800 million against SGD 10.361 million a year ago. Net profit attributable to unit holders of the trust was SGD 6.045 million or 1.34 cents per share compared to net profit attributable to unit holders of the trust of SGD 6.356 million or 1.50 cents per share in the previous year period. Net cash generated from operating activities was SGD 26.580 million against SGD 15.111 million a year ago. Purchase of equipment was SGD 75,000 against SGD 16,000 a year ago. Additions to investment properties under construction were SGD 2.715 million. Total property income growth was driven by higher income contribution from the completed buildings and aVance, but was moderated by unfavourable currency translation.

For the nine months, the company reported net property income of SGD 55.462 million compared to SGD 53.641 million a year ago. Total property income was SGD 95.638 million compared to SGD 93.250 million a year ago. Profit before change in fair value of financial derivatives, unrealized foreign exchange loss and net change in fair value of investment properties was SGD 19.800 million compared to SGD 42.482 million a year ago. Profit before income tax was SGD 26.211 million against SGD 48.890 million a year ago. Net profit attributable to unit holders of the trust was SGD 18,354 million or 4.01 cents per share compared to SGD 36.528 million or 4.54 cents per share in the previous year period. Profit before income tax was SGD 26.211 million against SGD 48.890 million a year ago. Net cash generated from operating activities was SGD 54.269 million against SGD 43.019 million a year ago. Purchase of equipment was SGD 77,000 against SGD 79,000 a year ago. Additions to investment properties under construction were SGD 5.243 million against SGD 3.848 million a year ago. Total property income was up by 18%, mainly as a result of income contribution from the acquired and completed buildings. Net Asset Value per unit as at 31 December 2012 was SGD 0.61, 14% lower compared to SGD 0.71 as at 31 March 2012. The decrease was mainly attributable to the effects of unfavourable currency translation (as the SGD appreciated against the INR by 13%).