Sasseur REIT’s DPU rises 3.8% YoY to $0.01831 in Q3

This is the REIT’s highest Q3 DPU since its IPO listing in 2018.

Sasseur REIT’s distribution per unit (DPU) rose 3.8% year-on-year to $0.01831 in the third quarter (Q3) of FY2021, the REIT’s highest Q3 DPU since its IPO listing in 2018.

The DPU measured for the first nine months of 2021 also increased by 12.9% to $0.05204 compared to a year ago.

Assuming that distributable income was not retained at S$1m, the nine-month DPU would have been $0.05661, nearly 23% higher than 2020.

In a bourse filing, the REIT attributed the increase in its DPU to “lower interest expenses, tax, and trust expenses at the REIT level, together with a favourable RMB to SGD exchange rate.”

The DPU will be paid out on 28 December 2021 after the books closure on 13 December 2021.

Apart from its DPU, Sasseur also saw growth in the total generated sales of its four outlets in China.

For the quarter, total sales increased 12.0% q-o-q to $211.13m (RMB996.6m); and for the first nine months it soared 21.8% to  $639.92m (RMB 3.02b).

On the other hand, the REIT’s entrusted management agreement (EMA) rental income dropped by 1.4% in Q3 to $31.85m (RMB 150.4m).

(1 RMB = 0.21 SGD)

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Banks should have enough buffers and find climate transition risks manageable.
The initiative is expected to improve the operating environment for SG businesses.
This includes the upgrade to the latest data acquisition and control system.
A potential incentive fee of up to $18m may be applied. 
This is part of the group’s efforts to spearhead maritime decarbonisation.
This is higher compared to September's retail sales YoY increase at 6.8%.
Restaurants experienced the most YoY decline at 24%. 
Over 40 companies were recognised in the 7th edition of the awards programme.
VTL scheme to proceed “without change” amidst detection of Omicron variant in Korea.
SATS, Sembcorp Industries, and the SGX led the index.
Birth rates in the country have declined since the pandemic began.
It represents a premium to the property’s book value of approximately $20.6m.
The move will be part of the redevelopment of the Central Mall properties.
It also waived its right to walk away from potential material adverse effects.