SINGAPORE (May 14): The manager of Sasseur Real Estate Investment Trust (Sasseur REIT) has declared a distribution per unit (DPU) of 1.334 cents for the 1Q20 ended March.

This quarter’s DPU, which fell 19.4% y-o-y, represents 100% of the total distributable income of $16.0 million, which fell 18.7% y-o-y.

Total outlet sales for 1Q20 fell 55.7% to RMB 534.5 million (S$106.8 million), due to the operational disruptions and temporary closures arising from the Covid-19 pandemic.

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