Sasseur Real Estate Development Trust (Sasseur REIT)

Sasseur REIT FY18 DPU exceeds IPO forecast by 12.6%

SINGAPORE (Feb 18): The manager of Sasseur REIT announced a 4Q18 DPU of 1.999 cents, 28.1% higher than forecast.

This also brings 2H18 DPU to 3.541 cents and FY18 DPU to a total of 5.128 cents.

Sasseur REIT offers investors the unique opportunity to invest in the fast-growing retail outlet mall sector in China through its initial portfolio of four quality retail outlet mall assets.

4Q18 distributable income came in at $23.6 million, 28.1% higher than forecast while EMA rental income came in 1.6% higher than forecast at $31.2 million.

Sasseur REIT prices IPO units at 80 cents each; seeks to raise $396 mil

SINGAPORE (Mar 21): Sasseur Real Estate Development Trust, is seeking to raise $396 million in an initial public offering in Singapore.

In its prospectus filed with the Monetary Authority of Singapore, the owner of retail malls in China said it has selling a total of 495 million units at 80 cents each.

The offering includes a public tranche of 13.8 million and a placement tranche of 252.8 million shares.

Over 46% has been taken up by a clutch of investors that include JD.com and Charles & Keith owner CKK Holdings.

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