- Sasseur REIT (SGX:CRPU)'s total rental income for 1H24 slid by 0.4% y-o-y to S$62.3mil, representing 47% of our FY24e estimates. Tenant sales declined due to a high base in FY23, with sales in RMB terms down by 3.9% y-o-y, leading to a decrease in the variable component (-3.6% y-o-y). However, the 3% rental escalation in the fixed component partially offset this drop, resulting in EMA rental income in RMB terms increasing by 0.9% y-o-y to S$329mil.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
The Positives
Sound capital management.
- Read more at SGinvestors.io.
Above is the excerpt from report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full report in PDF @ https://www.stocksbnb.com/.
Liu Miao Miao Phillip Securities Research | https://www.stocksbnb.com/ 2024-08-07
Previous report by Phillip:
2024-05-15 Sasseur REIT - FY24e Sales Will Be Driven By Promotional Events.
Price targets by 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
