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Sasseur REIT rental income up 2.2% in 1H 2025
It was driven by a rebound in second-quarter outlet sales.
Sasseur Real Estate Investment Trust (Sasseur REIT) reported $59.9m (RMB336.2m) in rental income for the half-year ended 30 June 2025, up 2.2% year-on-year.
The growth was driven by a rebound in second-quarter outlet sales.
The fixed component of rental income increased 3% YoY, whilst the variable component rose 0.3%, supported by a 0.8% YoY growth in portfolio outlet sales.
In Singapore dollars, EMA rental income fell 1.6% YoY to $61.3m due to a 3.7% YoY depreciation of the RMB.
The REIT declared a distribution per unit (DPU) of 3.055 Singapore cents for 1H 2025, down 3.1% YoY.
Excluding currency effects, DPU would have risen 0.9% YoY.
The distribution will be paid on 26 September 2025.
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