Analysts from CGS-CIMB, DBS Group Research and Maybank Kim Eng are recommending investors to “add” or “buy” units in Sasseur REIT. KGI Research, similarly, has rated “outperform” on the REIT due to its better-than-expected 3QFY2020 results.

On Nov 13, the manager of Sasseur REIT reported 3QFY2020 distribution per unit (DPU) of 1.764 cents, up 7.6% y-o-y and 16.7% q-o-q.

The quarter’s entrusted manager agreement (EMA) rental income of $32.6 million was up 11.6% y-o-y and 7.6% q-o-q.

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