Sasseur REIT property, Sasseur (Chongqing) Outlets, in Chongqing City. (Photo: Sasseur REIT)

Data from Sasseur REIT’s latest results have been updated in the Singapore REITs table.

China-focused retail landlord Sasseur REIT has reported a 7.9% year-on-year growth in sales for the first half of 2021 to RMB2.03 billion.

The REIT’s EMA rental income for 2Q 2021 totalled RMB145.8 million, a 3.5% increase from RMB140.9 million in 2Q 2020.

This is because under the REIT’s unique EMA model, the variable component for the period increased 4.8% to RMB40.3 million from RMB38.5 million a year ago.

The REIT has elected to retain 10% of distributable income for 2Q 2021, and delivered DPU of 1.614 Singapore cents, 6.7% higher year-on-year.

Accordingly, for the first six months of 2021, DPU totalled 3.373 Singapore cents, 18.5% higher than 2.846 Singapore cents a year ago.

The REIT’s full disclosure on its results can be viewed here.

Sasseur REIT was last done on the Singapore Exchange at SGD0.945, which currently implies a distribution yield of 6.83% according to data compiled on the Singapore REITs table.

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.