Basic Profile & Key Statistics Sasseur REIT (Sasseur) is a retail REIT that invests owns 4 outlet malls in China.
Performance Highlight EMA rental income, distributable income and DPU improved YoY but declined as compared to the previous quarter.
The outlet sales in 2Q 2021 improved YoY by 6.4%.
There is an ongoing AEI for Chongqing Bishan outlet, which is target to complete by December 2021.
Related Parties Shareholding
REIT sponsor's shareholding is high at 56.64%REIT manager's shareholding is low at 0.83%Directors of REIT manager's shareholding is high at 57.89%
Lease Profile
Occupancy is moderate at 92.5%All income is received in RMBWALE is short at 0.9 yearsHighest lease expiry within 5 years is high at 63% which falls in this yearWeighted average land lease expiry is short at 29.32 years
Debt Profile
Gearing ratio is low at 27.8%Cost of debt is high at 4.4%Fixed rate debt % is high at...