Frasers Hospitality Trust reported earnings results for the first quarter ended 31 December 2016. For the period, the company reported master lease rental of SGD 39,554,000 against SGD 31,379,000 a year ago. Net property income was SGD 30,515,000 against SGD 26,329,000 a year ago. Total return before foreign exchange differences, fair value changes and tax was SGD 17,250,000 against SGD 20,350,000 a year ago. Total return for the period before tax was SGD 16,597,000 against SGD 21,703,000 a year ago. Total return for the period after tax was SGD 15,332,000 against SGD 20,317,000 a year ago. Income available for distribution holders was SGD 25,533,000 against SGD 23,676,000 a year ago. Net cash generated from operating activities was SGD 35,579,000 against SGD 34,957,000 a year ago. Additions to investment properties were SGD 905,000against SGD 2,042,000 a year ago. Acquisition of hotel assets, net of cash was SGD 2,762,000. Purchase of property, plant & equipment was SGD 231,457,000 against was SGD 2,762,000 a year ago. Net asset value per stapled security was 74.79 cents against 82.90 cents a year ago.