23 January 2019 OBERs 3QFY19 sales volumes showed a de- growth of 3% YoY to 1,47,276sf, while its sales value reported a de-growth of 41% YoY to INR2.4b. SkyCity reported strong growth of 60% in volumes YoY, while 360 West disappointed with no sales reported during 3QFY19. Overall collections declined 19% YoY to INR3.4b. OBER reported overall revenue of INR5,286m (est. INR5,311m) in 3QFY19, YoY growth of 48.4%, while EBITDA margins contracted 1,850bp to 35.6% (est. Revenues grew over 100% to INR20,090m YoY; EBITDA grew 92% and PAT grew over 100% compared to 9MFY18. Overall rental revenue grew 46% to INR868m in 3QFY19. Rentals at Oberoi Mall grew at a robust 42% to INR242 psf/m in 3QFY19. Rentals remained stable for Commerz at INR140 psf/m in 3QFY19.