Sasseur REIT reports decline in DPU for FY2024 amid headwinds in China

Sasseur REIT has posted a distribution per unit (DPU) of 6.082 Singapore cents for its FY2024.

While this reflected a 2.7% decline from FY2023, the REIT reported a record-high portfolio occupancy of 98.9% and a strong 4.8% year-on-year increase in fourth-quarter outlet sales, reversing the downward trend seen in the earlier part of the year.

For the second half of 2024, Sasseur REIT declared a DPU of 2.929 Singapore cents, a marginal 0.1% increase from the previous year.