Starhill Global Real Estate Investment Trust announced unaudited group and parent earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the group reported net property income of SGD 37,545,000, net income before tax of SGD 25,159,000 and total return for the period after tax, before distribution of SGD 49,905,000 on gross revenue of SGD 47,364,000 compared to net property income of SGD 36,491,000, net income before tax of SGD 23,441,000 and total return for the period after tax, before distribution of SGD 52,900,000 on gross revenue of SGD 45,962,000 a year ago period. The increase in gross revenue for the Group was largely attributed to the stronger performance of the Singapore Properties. Income available for distribution was SGD 24,877,000 compared to SGD 22,185,000 a year ago period. Cash generated from operating activities was SGD 34,315,000 compared to SGD 42,592,000 a year ago period. Capital expenditure on investment properties was SGD 790,000 compared to SGD 5,311,000 a year ago period. Purchase of plant and equipment was SGD 51,000 compared to SGD 1,530,000 a year ago period. Earnings per unit on a fully diluted basis were 2.29 cents compared to 2.43 cents per share a year ago. 2011. Net property income for the Group was high mainly due to higher revenue contribution from Singapore Properties, partially offset by lower contribution from the overseas properties and higher property expenses of the Singapore Properties in the fourth quarter of 2012.

For the quarter, the trust reported net property income of SGD 23,126,000, net income before tax of SGD 21,252,000 and total return for the period after tax, before distribution of SGD 35,278,000 on gross revenue of SGD 29,892,000 compared to net property income of SGD 21,088,000, net income before tax of SGD 19,492,000 and total return for the period after tax, before distribution of SGD 29,912,000 on gross revenue of SGD 27,076,000 a year ago period.

For the full year, the group reported net property income of SGD 148,447,000, net income before tax of SGD 100,623,000 and total return for the period after tax, before distribution of SGD 131,667,000 on gross revenue of SGD 186,005,000 compared to net property income of SGD 143,585,000, net income before tax of SGD 92,557,000 and total return for the period after tax, before distribution of SGD 104,407,000 on gross revenue of SGD 180,088,000 a year ago period. Income available for distribution was SGD 96,188,000 compared to SGD 90,777,000 a year ago period. Cash generated from operating activities was SGD 115,824,000 compared to SGD 131,807,000 a year ago period. Capital expenditure on investment properties was SGD 20,650,000 compared to SGD 16,156,000 a year ago period. Purchase of plant and equipment was SGD 260,000 compared to SGD 1,629,000 a year ago period. Earnings per unit on a fully diluted basis were 6.04 cents compared to 4.79 cents per share a year ago. Net asset value per unit based on units issued at the end of the period as at December 31, 2012 was SGD 0.97. NPI for the Group was higher mainly attributed to the stronger performance of the Singapore Properties, partially offset by the lower NPI from Renhe Spring Zongbei Property and David Jones Building and higher property expenses of the Singapore Properties in fiscal year 2012.

For the full year, the trust reported net property income of SGD 90,748,000, net income before tax of SGD 91,140,000 and total return for the period after tax, before distribution of SGD 109,523,000 on gross revenue of SGD 116,703,000 compared to net property income of SGD 84,991,000, net income before tax of SGD 71,495,000 and total return for the period after tax, before distribution of SGD 79,597,000 on gross revenue of SGD 109,277,000 a year ago period. Net asset value per unit based on units issued at the end of the period as at December 31, 2012 was SGD 0.95.