- Sasseur REIT’s anniversary sales and year-end promotions in 4Q23 were well received as consumers switched to affordable domestic fashion brands and sportwear. Sasseur REIT has de-risked after completing its refinancing and has the lowest aggregate leverage of 25.3%.
- - Read this at SGinvestors.io -
Sasseur REIT's 4Q23 results
- Sasseur REIT (SGX:CRPU) reported DPU of 1.415 cents for 4Q23 (+8.7% y-o-y), which is in line with our expectations. See Sasseur REIT's distribution dates.
- - Read this at SGinvestors.io -
Benefitting from China’s reopening.
- Rental income grew 21.1% y-o-y to RMB170.6m in 4Q23. Fixed component increased 3% y-o-y. Variable component grew 82% y-o-y in tandem with growth in outlet sales of 85% y-o-y.
- In S$ terms, rental income grew 18.4% y-o-y to S$32.0m as RMB depreciated 4.4% y-o-y against the S$.
Chinese consumers switched to domestic fashion brands.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-02-26
Read also UOB's most recent report:
2024-05-15 Sasseur REIT - 1Q24 In Line.
Price targets by 2 other brokers at Sasseur REIT Target Prices.
Listing of research reports at Sasseur REIT Analyst Reports.
Relevant links:
Sasseur REIT Share Price History,
Sasseur REIT Announcements,
Sasseur REIT Dividends & Corporate Actions,
Sasseur REIT News Articles
