Maybank Kim Eng calls ‘Buy’ on Sasseur REIT in wake of 3Q results

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Maybank Kim Eng Research has issued a ‘Buy’ rating on Sasseur REIT in the wake of the latter’s 3Q 2018 results.

The outlet mall REIT has achieved a distribution per unit (DPU) of 1.542 Singapore cents for the period, which is 4.5% ahead of projections made during its initial public offering (IPO).

Meanwhile, Sasseur REIT’s net property income (NPI) came in at SGD29.1 million (USD21.6 million) or 0.7% ahead of its IPO forecast.

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