Shares & Derivatives
Sasseur REIT Review @ 21 November 2023
By REIT-TIREMENT  •  November 21, 2023
Basic Profile & Key Statistics Main Sector(s): RetailCountry(s) with Assets: ChinaNo. of Properties (exclude associate/fund): 4 Key Indicators Performance Highlight EMA rental income in RMB increased YoY, however, in terms of SGD, it has declined slightly due to a weaker exchange of RMB against SGD. DPU has declined YoY mainly due to the absence of one-off non-recurring tax refund in 3Q 2022 and higher interest expenses. Sales Sales for all 4 outlets have improved YoY. Asset Enhancement Initiative AEI for the Kunming outlet has been completed where both Erlanggang Chongqing Hotpot and KFC have opened in 3Q. For the Bishan outlet, the second entrance is planned and targeted to be completed by 1Q 2024. AEI for the Hefei outlet would be carried out for the upcoming opening of a leading supermarket. Related Parties Shareholding REIT Sponsor's Shareholding: Above median by 20% or moreREIT Manager's Shareholding: Above median by 20% or moreDirectors of REIT Manager's Shareholding: Above median by 20%
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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