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COMMERCIAL PROPERTY | Staff Reporter, Singapore

Sasseur REIT Q3 distributable income rises 16.9% to $21.2m

This was due to lower tax and interest expenses.

Sasseur Real Estate Investment Trust (REIT) has reported a $21.2m distributable income for Q3 2020, a 16.9% increase from $18.2m in Q2, from its portfolio of four outlet malls in China.

The increase was mainly due to lower tax and interest expenses.

The 100% distribution continues to be maintained over the same period, with the distribution per unit (DPU) jumping 16.7% to 1.764 cents from 1.512 cents in Q2.

The company’s rental income under its entrusted management agreements (EMAs) was at $30.3m, excluding straight-line adjustments.

Sasseur REIT’s portfolio occupancy rate remains stable at 93.1% for Q3.

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