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 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.