Mapletree Commercial Trust reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net income of SGD 28,944,000 or 14.722 cents per basic and diluted share on gross revenue of SGD 55,894,000 against net income of SGD 24,547,000 or 9.433 cents per basic and diluted share on gross revenue of SGD 49,723,000 reported a year ago. Total return for the period was SGD 222,128,000 against SGD 87,713,000 reported a year ago. Income available for distribution to unitholders was SGD 31,191,000 against SGD 26,627,000 a year ago. Net cash generated from operating activities was SGD 41,872,000 against SGD 25,121,000 a year ago. Additions to investment properties was SGD 3,458,000. Increase in gross revenue was due to higher gross revenue from all of the properties in MCT Portfolio.

For the nine months period, the company reported net income of SGD 81,822,000 or 11.875 cents per basic and diluted share on gross revenue of SGD 158,772,000 against net income of SGD 63,464,000 or 4.708 cents per basic and diluted share on gross revenue of SGD 127,432,000 reported a year ago. Total return for the period was SGD 275,133,000 against SGD 175,624,000 reported a year ago. Income available for distribution to unitholders was SGD 88,808,000 against SGD 69,243,000 a year ago. Net asset value per unit as on December 31, 2012 was SGD 1.06. Net cash generated from operating activities was SGD 109,668,000 against SGD 79,686,000 a year ago. Additions to investment properties was SGD 6,377,000. The higher gross revenue on the Comparable Basis was a result of positive revenue contributions the MCT Portfolio. Compared period starts from actual listing date of April 27, 2011 to December 31, 2011.

The company declared 7th distribution for the period from 1 October 2012 to 31 December 2012 of 1.667 cents per unit. The Transfer Books and Register of Unit holders of Mapletree Commercial Trust (MCT) will be closed at 5.00p.m. on 1 February 2013 for the purposes of determining each unitholder's entitlement to MCT's distribution. The ex-dividend date will be on 30 January 2013 at 9.00a.m. This dividend will be paid on 27 February 2013. Qualifying investors and individuals (other than those who hold their units through a partnership) will generally receive pre-tax distributions. These distributions are exempt from tax in the hands of individuals unless such distributions are derived through a Singapore partnership or from the carrying on of a trade, business or profession. Such individual unitholders, i.e. to whom the exemption will not apply, must declare the distribution received as income in their tax returns. Qualifying foreign non-individual investors will receive their distributions after deduction of tax at the rate of 10%. All other investors will receive their distributions after deduction of tax at the rate of 17%.