- Sasseur REIT (SGX:CRPU) reported 2Q23 DPU of 1.473 cents (-7.2% y-o-y), which is in line with our expectations. See Sasseur REIT's distribution dates.
- - Read this at SGinvestors.io -
Held back by depreciation of Chinese Renminbi.
- EMA rental income increased 8.4% y-o-y to RMB155.4m in 2Q23. Fixed component increased 3% y-o-y while variable component surged 25% y-o-y in tandem with the rise in outlet sales of 24.1% y-o-y.
- In Singapore Dollar terms, EMA rental income declined 0.5% y-o-y to S$29.5m as Chinese Renminbi depreciated 10.1% y-o-y against the Singapore Dollar.
Occupancy at all-time high.
- - Read this at SGinvestors.io -
Sustained recovery from China’s reopening.
- Read more at SGinvestors.io.