Mapletree Logistics Trust announced unaudited group earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company reported gross revenue of SGD 98,222,000 against SGD 95,526,000 a year ago. Net investment income was SGD 57,375,000 against SGD 58,874,000 a year ago. Total return for the period before income tax was SGD 56,301,000 against SGD 89,690,000 a year ago. Net property income was SGD 83,023,000 against SGD 79,889,000 a year ago. Total return for the year attributable to unitholders was SGD 47,125,000 or 1.56 cents compared to SGD 77,464,000 or 3.08 cents a year ago. Total amount distributable to unitholders was SGD 58,294,000 against SGD 46,841,000 a year ago. Net cash outflow on purchase of and additions to investment properties including payment of deferred considerations was SGD 25,299,000 against SGD 172,692,000 a year ago. Earnings per unit (excluding net exchange loss) was 1.55 cents against 2.99 cents a year ago. The revenue growth was mainly attributed to higher revenue from existing properties in Hong Kong, one property in Hong Kong acquired in the third quarter of fiscal year 2018 and four properties in Australia acquired in the third quarter of fiscal year 2017. The growth in revenue was partly offset by lower revenue from a converted multi-tenanted building in Korea, absence of revenue from one block in Ouluo Logistics Centre in China which is undergoing redevelopment, absence of revenue from three divestments completed in the first half of fiscal year 2018 as well as the impact of a weaker Japanese Yen and Hong Kong Dollar. Gross revenue was mainly due to one property in Hong Kong acquired in the third quarter of fiscal year 2018 and partly offset by lower revenue from three divestments completed in the second quarter of fiscal year 2018 and lower translated revenue from the weaker Japanese Yen and Australian Dollar. Available Distribution per Unit ("DPU") was 1.907 cents against 1.870 cents a year ago. For the nine months, the company reported gross revenue of SGD 287,719,000 against SGD 276,650,000 a year ago. Net property income was SGD 242,577,000 against SGD 231,899,000 a year ago. Net investment income was SGD 177,497,000 against SGD 153,370,000 a year ago. Total return for the year before income tax was SGD 211,058,000 against SGD 157,775,000 a year ago. Total return for the year attributable to unitholders was SGD 171,793,000 or 6.38 cents compared to SGD 123,729,000 or 4.93 cents a year ago. Cash generated from operating activities was SGD 182,894,000 against SGD 197,451,000 a year ago. Net cash outflow on purchase of and additions to investment properties including payment of deferred considerations was SGD 72,352,000 against SGD 335,079,000 a year ago. Earnings per unit (excluding net exchange loss) was 6.06 cents against 5.36cents a year ago. Adjusted NAV /NTA per unit (excluding the amount distributable) as at December 31, 2017 was SGD 1.03 against SGD 1.02 a year ago. The revenue growth was mainly attributed to higher revenue from existing properties in Hong Kong, one property in Hong Kong acquired in third quarter of fiscal year 2018 and eight properties in Australia, one property in Malaysia and one property in Vietnam acquired in the nine months of fiscal year 2017, as well as higher translated revenue from the stronger Australian Dollar and Korean Won. The growth in revenue was partly offset by lower revenue from a converted multi-tenanted building in Korea,absence of revenue from one block in Ouluo Logistics Centre in China which is undergoing redevelopment, absence of revenue from three divestments completed during the period, as well as the impact of a weaker Japanese Yen and Malaysian Ringgit. Total amount distributable to unitholders was SGD 153,711,000 against SGD 139,482,000 a year ago.