by: Tam Ging Wien
All examples and stocks quoted here in this article and on the ProButterfly.com and REITScreener.com site are for learning purposes; it does NOT constitute financial advice or a Buy/Sell recommendation. Contents are reflective of personal views and readers are responsible for their own investments and are advised to perform their own independent due diligence and take into account their own financial situation. If in any doubt about the investment action you should take, you should consult a professional certified financial adviser.
As shareholders of Sasseur REIT, we were prepared for the worse as the COVID-19 pandemic forced the management to shutter their outlets malls throughout China, namely Chongqing, Bishan, Hefei and Kunming back in January 2020.
However, we were delightfully surprised that they still managed to eke out a 1.0% increase in distributable income and 0.2% DPU. In ordinary times, we would describe this set of results as “flat”, but for FY2020, we think this is stellar!