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Sasseur REIT exceeds 3Q forecast with 1.542 cents DPU on portfolio sales growth surge

Michelle Zhu
Michelle Zhu11/12/2018 11:18 AM GMT+08  • 2 min read
Sasseur REIT exceeds 3Q forecast with 1.542 cents DPU on portfolio sales growth surge
SINGAPORE (Nov 12): The manager of Sasseur REIT has announced a 3Q distribution per unit (DPU) of 1.542 cents, 4.5% higher than the forecast quarterly DPU of 1.476 cents on higher-than-forecast entrusted management agreement (EMA) rental income sales from
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SINGAPORE (Nov 12): The manager of Sasseur REIT has announced a 3Q distribution per unit (DPU) of 1.542 cents, 4.5% higher than the forecast quarterly DPU of 1.476 cents on higher-than-forecast entrusted management agreement (EMA) rental income sales from the REIT’s portfolio outlet malls properties.

The latest figures bring Sasseur REIT’s DPU for the year to date (YTD) 2018 to 3.13 cents, 4.5% up from the forecasted 2.994 cents, driven by 2.6% higher-than-forecast EMA rental income of $58.7 million compared to an expected $57.2 million.

EMA rental income for 3Q was 0.7% higher than forecast at $29.1 million.

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