Analysts from CGS-CIMB, DBS Group Research and Maybank Kim Eng are recommending investors to “add” or “buy” units in Sasseur REIT. KGI Research, similarly, has rated “outperform” on the REIT due to its better-than-expected 3QFY2020 results. On Nov 13, the manager of Sasseur REIT reported...

SASSEUR Real Estate Investment Trust (Sasseur Reit), which owns outlet malls in China, posted a 7.6 per cent rise in its distribution per unit (DPU) to 1.764 Singapore cents for the third quarter ended Sept 30, 2020, from 1.64 cents a year ago.

The manager of Sasseur REIT has reported distribution per unit (DPU) of 1.764 cents for the 3QFY2020 ended Sept 30, up 7.6% from the 1.640 cents reported in 3QFY2019. Quarter-on-quarter, DPU was up 16.7% from the 1.512 cents posted in 2QFY2020. Total DPU for the 9MFY2020 came in at 4.610 cents, 6% l...

KGI Securities favours retail REITs on a faster-than-expected retail recovery in Singapore, say analysts in an Oct 5 note.  REITs and Technology sectors are marked to “outperform” in an otherwise “neutral” climate, with competitor headwinds in the telecommunications sector driving ...

The year 2020 is a “watershed year”, according to CGS-CIMB analyst Lim Siew Khee, who estimated an average decline of 32% y-o-y for companies’ earnings per share (EPS) across the board following their 1H20 results. “We knew 2Q20 would be bad but some corporates were hit harder than expected....

Analysts are upbeat on Sasseur REIT as Chinese consumers are turning to retail therapy as the economy in China gradually reopens. In 2Q20, the manager of Sasseur REIT said that its portfolio of four outlet malls in China delivered higher sales, rental income, and distributable income for 2Q20 (compa...

The manager of Sasseur REIT has declared a distribution per unit (DPU) of 1.512 cents for 2Q20 ended June, 6% down from the 1.608 cents posted in 2Q19. This brings the REIT’s 1H20 DPU to 2.846 cents, some 12% lower than the DPU of 3.264 cents in 1H19. Quarter-on-quarter, the REIT’s DPU rose 13.3...

SASSEUR Real Estate Investment Trust (Sasseur Reit), which owns outlet malls in China, posted a 6 per cent drop in its distribution per unit (DPU) to 1.512 Singapore cents for its second quarter ended June 30, 2020, from 1.608 cents a year ago.

SINGAPORE (June 11): KGI Securities is initiating coverage on Sasseur REIT with an “outperform” recommendation and a target price of 89 cents. In a Thursday report, analyst Joel Ng says, “While Sasseur's 1Q20 DPU declined 19% y-o-y due to the lockdown measures in China, the REIT's long-term gr...

SINGAPORE (June 3): As Singapore gradually reopens from its circuit breaker measures, DBS analyst Derek Tan and its Singapore research team believe that retail REITs are the “preferred” sector due to earlier-than-anticipated mall openings. While about 90% - 95% of retail malls and tenants will b...