Sasseur REIT - DBS Research 2025-08-20: New Captain Onboard

Sasseur REIT: New Captain Onboard

Published:
Sasseur REIT (SGX:CRPU) | SGinvestors.io
  • Sasseur REIT reported their 1H25 results, with topline EMA (Entrusted Management Agreement) rental income expanding 2.2% y-o-y to RMB336.2mil. Variable EMA rental (30% of total EMA structure) rose 0.3% y-o-y in RMB terms, benchmarking a similar increase in Sasseur REIT’s 1H25 tenant sales.

1H25 DPU of 3.055 cents in line with estimates.

  • - Read this at SGinvestors.io -

Stronger quarter for sales across anchor outlet malls.

  • - Read this at SGinvestors.io -
  • Chongqing Liangjiang Outlet Mall, Sasseur REIT’s largest asset, delivered its best 2Q since listing while the Kunming Outlet Mall benefitted from recent AEI completions.
  • On the other hand, Hefei Outlet Mall continued to face discount-led competition amidst ongoing tenant mix efforts at the asset, which saw 1H24 tenant sales declining 4.5%.

Capital management remains stable and healthy with a more pivotal shift to RMB debt denomination.

  • Read more at SGinvestors.io.



Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.



Geraldine WONG DBS Group Research | Derek TAN DBS Group Research | https://www.dbs.com/insightsdirect/ 2025-08-20



Previous report by DBS:
2025-02-21 Sasseur REIT - Defensive Growth Amidst All Odds.

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






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