Basic Profile & Key Statistics Sasseur REIT (Sasseur) is a retail REIT that invests owns 4 outlet malls in China.
Performance Highlight Despite lower sales and EMA rental income in RMB, EMA rental income in SGD, distributable income and DPU before retention increased YoY due to appreciation of RMB against SGD.   
Sales
4Q 2021has improved as compared to 3Q 2021 due to year-end seasonal promotional events and discounts on a wide range of products. However, it is lower than 4Q 2020 due to COVID-19 outbreaks across other China cities which affected shopper traffic as well as warmer winter in 4Q affected the sales of winter fashion and accessories.
Asset Enhancement Initiatives
The AEI for Chongqing Liangjiang Outlets has completed in December 2021 while AEI for Chongqing Bishan Outlets is expected to complete in 1Q 2022.

Related Parties Shareholding

REIT sponsor's shareholding is high at 56.402%REIT manager's shareholding is moderate at...