CRCT 1QFY2017

Gross Revenue                                            RMB 290,865,000
NPI                                                              RMB 194,896,000
NPI                                                              $ 40,303,000
Distributable Income                                   $ 24,355,000
DPU                                                             2.74 cents (2.71 cents for 1QFY16)
NAV (adjusted for dist)                               $ 1.55
Gearing                                                        36.4%
Interest Cover                                              6.1X
Avg Cost Of Debt                                        2.49%
Unencumbered Assets                                 98.5%
Net Debt/EBITDA                                       6.6X

CRCT 4QFY2016

Gross Revenue                                            RMB 275,420,000
NPI                                                              RMB 169,145,000
NPI                                                              $ 34,779,000
Distributable Income                                   $ 20,623,000
DPU                                                             2.37 cents (2.59 cents for 4QFY15)
NAV (adjusted for dist)                               $ 1.60
Gearing                                                        35.3%
Interest Cover                                              6.0X
Avg Cost Of Debt                                        2.81%
Unencumbered Assets                                 97.9%
Net Debt/EBITDA                                       7.7X

CRCT 3QFY16

Gross Revenue                                            RMB 248,788,000
NPI                                                              RMB 161,283,000
NPI                                                              $ 32,766,000
Distributable Income                                   $ 20,550,000
DPU                                                             2.36 cents (2.64 cents for 3QFY15)
NAV (adjusted for dist)                               $ 1.54
Gearing                                                        36.7%
Interest Cover                                              6.2X
Avg Cost Of Debt                                        2.90%
Unencumbered Assets                                 97.8%
Net Debt/EBITDA                                       7.8X

CRCT 2QFY16

Gross Revenue                                            RMB 246,737,000
NPI                                                              RMB 169,937,000
NPI                                                              $ 35,501,000
Distributable Income                                   $ 23,374,000
DPU                                                             2.61 cents (2.73 cents for 2QFY15)
NAV (adjusted for dist)                               $ 1.55
Gearing                                                        29.2%
Interest Cover                                              6.4X
Avg Cost Of Debt                                        2.97%
Unencumbered Assets                                 97.5%
Net Debt/EBITDA                                       5.3X

CRCT 1QFY2016

Gross Revenue                                            RMB 256,528,000
NPI                                                              RMB 169,384,000
NPI                                                              $ 36,692,000
Distributable Income                                   $ 23,185,000
DPU                                                             2.71 cents (2.64 cents for 1QFY15)
NAV (adjusted for dist)                               $ 1.64
Gearing                                                        28.7%
Interest Cover                                              6.4X
Avg Cost Of Debt                                        3.04%
Unencumbered Assets                                 97.3%
Net Debt/EBITDA                                       5.3X

CapitalRetail China Trust 2QFY2014

Revenue                                         = RMB 249,888,000
NPI                                                 = RMB 167,595,000
Income Available For Dist            =  $21,253,000
DPU                                               = 2.59 cents (2.38 cents for 2Q2013)
NAV                                               = $1.48 (net of dist)
Gearing                                           = 29.8%
Net Debt/EBITDA                          = 5.2
Interest Cover                                  = 5.5
Avg Term To Maturity                   = 2.32
Avg Cost Of Debt                           = 3.60%

Shoppers traffic up 5.5% and tenant sales' up 13.6% yoy. I expect performance to improve yoy as Minzhongleyuan was not contributing for 3QFY13 to 1QFY14 due to AEI works.I vested in this counter earlier this year or late last year at around $1.3 as the financial look decent to me at that time.

CapitalRetail China Trust 4QFY2013

Revenue                                         = RMB 202,592,000
NPI                                                 = RMB 126,546,000
Income Available For Dist            = RMB 17,737,000
DPU                                               = 2.2 cents (4.33 cents for 2nd half of 2013)
NAV                                               = $1.43
Gearing                                           = 32.6%
Net Debt/EBITDA                          = 7.5
Interest Cover                                  = 8.1
Avg Term To Maturity                   = 2.38
Avg Cost Of Debt                            = 2.6%