Sasseur REIT's 2Q20 DPU falls 6% to 1.512 cents, says business recovery is 'firmly underway'

The manager of Sasseur REIT has declared a distribution per unit (DPU) of 1.512 cents for 2Q20 ended June, 6% down from the 1.608 cents posted in 2Q19.

This brings the REIT’s 1H20 DPU to 2.846 cents, some 12% lower than the DPU of 3.264 cents in 1H19.

Quarter-on-quarter, the REIT’s DPU rose 13.3% from 1Q20’s performance of 1.334 cents, due to the severe negative impact from the Covid-19 pandemic that was reflected in the economic conditions and consumer sentiment in 1Q20.

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