- Sasseur REIT (SGX:CRPU)’s EMA rental income remained stable at RMB 335.1 million, reflecting 0.8% y-o-y growth despite macroeconomic headwinds. In S$ terms, EMA rental income stood at S$62.2 million, with a slight 0.3% y-o-y decline due to unfavorable foreign exchange rates.
- - Read this at SGinvestors.io -
- From 1Q24, Sasseur REIT changed its profit distribution from quarterly to half-yearly to reduce costs. Additionally, the Manager’s base fees will now be paid in a mix of Units and cash at an 80:20 ratio, with the performance fee continuing to be paid entirely in cash.
Record high portfolio occupancy and resilient leasing demand.
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- While 2H24 outlet sales in RMB declined 3.9% y-o-y, Sasseur REIT has continued optimizing its tenant mix to sustain footfall and enhance rental revenue.
Strategic asset enhancements driving value.
- Read more at SGinvestors.io.
