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

Data from Sasseur REIT’s latest disclosure has been updated into the Singapore REITs table.

Sasseur REIT disclosed on 11 November that it has achieved a 3Q 2022 distributable income of SGD23.5 million, up 1.2% year-on-year.

Correspondingly, the REIT’s distribution per unit (DPU) came in at 1.838 Singapore cents, up 0.4% year-on-year.

This is the highest 3Q DPU in four years, said Sasseur REIT.

For the January to September 2022 period, Sasseur REIT’s distributable income was unchanged at SGD 68.6 million while DPU was up 0.8% year-on-year.

During this period, the portfolio’s outlet sales declined by 6.3% year-on-year to RMB 2.8 billion.

Sasseur REIT’s portfolio average portfolio occupancy rate was at 96.9% in 3Q 2022.

Sasseur REIT was last done on the Singapore Exchange at SGD0.725, which presently implies a distribution yield of 10.14% according to data on the Singapore REITs table.

By Shariffa Al-Habshee

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