Sasseur REIT outperforms month-to-date

The Edge Singapore
The Edge Singapore11/22/2019 06:30 AM GMT+08  • 3 min read
Sasseur REIT outperforms month-to-date
SINGAPORE (Nov 25): November threw up some surprises for followers of real estate in­ vestment trusts. The outperform­er month­-to-­date is Sasseur REIT, which had traded at or below its IPO price of 80 cents for most of the time since its listing in
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Nov 25): November threw up some surprises for followers of real estate in­ vestment trusts. The outperform­er month­-to-­date is Sasseur REIT, which had traded at or below its IPO price of 80 cents for most of the time since its listing in March last year. In 3QFY2019, its distributable income rose 7.2% y-­o-­y to $19.6 million, and distribu­tion per unit increased 6.4% y­-o-­y to 1.64 cents. Its net asset value is 84.99 cents, 6.2% higher since IPO. Sasseur REIT has been trading at 80 cents since April this year, but moved above this level at end­ Oc­tober.

Sasseur REIT owns four outlet malls, one each in Chongqing, Bishan, Hefei and Kunming. Anthony Ang, CEO of Sasseur REIT’s manager, says sales for the three months to Sept 30 picked up, owing to an­niversary sales at one of the malls. “With the year-­end holiday season and schedule of sales events that have been lined up, we look forward to even stronger sales for the last quarter of 2019. Our outlets in China have not been impacted by external trade factors, as sales are largely fuelled by domestic consumption.”

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now