The manager of Sasseur REIT has declared a distribution per unit (DPU) of 1.512 cents for 2Q20 ended June, 6% down from the 1.608 cents posted in 2Q19, but 13.3% higher from 1Q20’s 1.334 cents.
Analysts are upbeat on Sasseur REIT as Chinese consumers are turning to retail therapy as the economy in China gradually reopens.
In 2Q20, the manager of Sasseur REIT said that its portfolio of four outlet malls in China delivered higher sales, rental income, and distributable income for 2Q20 (compared to 1Q20), showing positive signs that its business recovery is “firmly underway”.
