Sasseur REIT - Phillip Securities Research 2024-08-07: Muted Sales

• 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.
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Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

Read also Phillip's most recent report:
2025-05-16 Sasseur REIT - FX Headwind To Weigh On Performance.

Previous report by Phillip:
2025-02-21 Sasseur REIT - FY25e Sales To Grow By Low-single-digit.

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 Dividend Payout Dates & Corporate Actions,
Sasseur REIT News