This was despite its entrusted manager agreement (EMA) rental income coming in at $30.8 million, 2.1% lower than the previous year. This was due to a 3.3% y-o-y drop in the variable component, while the fixed component cushioned the drop with a 3.0% y-o-y increase.
China-based outlet mall operator Sasseur REIT announced in its business update that its 3QFY2022 ended September distribution per unit (DPU) came in at 1.838 cents some 0.4% higher than the previous year.
This came on the back of a 1.2% y-o-y increase in distributable income to $23.5 million.
