ESR-REIT reported unaudited group and trust earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the group reported gross revenue of SGD 27,177,000 compared to SGD 27,783,000 a year ago. Net property income was SGD 19,928,000 compared to SGD 19,699,000 a year ago. Net income before distributable income from subsidiary was SGD 12,062,000 against SGD 12,371,000 a year ago. Total loss for the period before income tax and distribution was SGD 35,044,000 compared to SGD 32,152,000 a year ago. Total loss for the period attributable to unitholders and perpetual securities holders was SGD 35,826,000 compared to SGD 32,152,000 a year ago. Net income available for distribution for the period was SGD 12,195,000 compared to SGD 13,003,000 a year ago. Distribution per unit was 0.929 cents compared to 0.996 cents a year ago. Net cash generated from operating activities was SGD 17,892,000 against SGD 18,499,000 a year ago. Capital expenditure on investment properties was SGD 661,000 against SGD 1,237,000 a year ago. For the year, the group reported gross revenue of SGD 109,700,000 compared to SGD 112,087,000 a year ago. Net property income was SGD 78,445,000 compared to SGD 82,273,000 a year ago. Net income before distributable income from subsidiary was SGD 48,954,000 against SGD 52,243,000 a year ago. Total return for the year before income tax and distribution was SGD 1,396,000 compared to SGD 7,087,000 a year ago. Total return for the year attributable to unitholders and perpetual securities holders was SGD 614,000 compared to SGD 7,087,000 a year ago. Net income available for distribution for the year was SGD 50,390,000 compared to SGD 54,476,000 a year ago. Distribution per unit was 3.853 cents compared to 4.173 cents a year ago. Net cash generated from operating activities was SGD 69,006,000 against SGD 69,749,000 a year ago. Capital expenditure on investment properties was SGD 9,768,000 against SGD 5,595,000 a year ago. For the quarter, the trust reported gross revenue of SGD 26,036,000 compared to SGD 27,111,000 a year ago. Net property income was SGD 18,927,000 compared to SGD 19,049,000 a year ago. Net income before distributable income from subsidiary was SGD 11,077,000 against SGD 11,728,000 a year ago. Total loss for the period before income tax and distribution was SGD 34,413,000 compared to SGD 33,636,000 a year ago. Total loss for the period attributable to unitholders and perpetual securities holders was SGD 34,413,000 compared to SGD 33,636,000 a year ago. Net income available for distribution for the period was SGD 12,195,000 compared to SGD 13,003,000 a year ago. Distribution per unit was 0.929 cents compared to 0.996 cents a year ago. For the year, the trust reported gross revenue of SGD 106,615,000 compared to SGD 109,427,000 a year ago. Net property income was SGD 75,563,000 compared to SGD 79,711,000 a year ago. Net income before distributable income from subsidiary was SGD 46,108,000 against SGD 49,723,000 a year ago. Total return for the year before income tax and distribution was SGD 1,865,000 compared to SGD 5,418,000 a year ago. Total return for the year attributable to unitholders and perpetual securities holders was SGD 1,865,000 compared to SGD 5,418,000 a year ago. Net income available for distribution for the year was SGD 50,390,000 compared to SGD 54,476,000 a year ago. Distribution per unit was 3.853 cents compared to 4.173 cents a year ago.