Sasseur REIT has reported a distribution per unit (DPU) of 1.76 cents for its 1QFY2021 ended March after 10% of its distributable income was retained for asset enhancement initiatives (AEIs) and expansion plans. 

The DPU of 1.76 cents translates to y-o-y growth of 31.9% from 1.33 cents previously, but a 9.7% dip from the previous quarter’s DPU of 1.93 cents.

The REIT, which owns four retail outlet malls in China, recorded a 47.8% y-o-y increase in distributable income to $23.6 million for the period, which the manager of Sasseur REIT attributes to strong business recovery as well as AEIs.

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