3QFY2021 EMA rental income fell 1.4% y-o-y to RMB150.4 million ($31.4 million) due to dampened consumer sentiment from the outbreak of Covid-19 cases, which originated from Nanjing in July 2021.
The manager of Sasseur REIT has reported distribution per unit (DPU) of 1.831 cents for the 3QFY2021 ended September 30, 3.8% higher than DPU of 1.764 cents in the same period the year before.
The quarter’s distributable income increased 6.9% y-o-y to $23.2 mil; for the quarter, the REIT manager has elected to retain $1.0 million for asset enhancement initiatives (AEIs) and working capital requirements.
