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Sasseur REIT reports 2QFY2022 DPU of 1.588 cents, down 1.6% y-o-y

Felicia Tan
Felicia Tan8/12/2022 09:04 AM GMT+08  • 3 min read
Sasseur REIT reports 2QFY2022 DPU of 1.588 cents, down 1.6% y-o-y
Vito Xu, chairman of the manager. Photo: Albert Chua/The Edge Singapore
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The manager of Sasseur REIT has reported a distribution per unit (DPU) of 1.588 cents for the 2QFY2022 ended June, 1.6% lower y-o-y.

This brings the REIT’s 1HFY2022 DPU to 3.410 cents, up by 1.1% y-o-y and the highest first half DPU in four years.

The lower 2QFY2022 DPU was due to the 6.5% y-o-y decline in distributable income of $20.3 million mainly due to the impact of Covid-19 lockdowns in China from mid-March to mid-May.

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