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Sasseur REIT reports 1HFY2023 DPU of 3.322 cents, 2.6% lower y-o-y, due to lower renminbi and higher finance costs

Felicia Tan
Felicia Tan • 3 min read
Sasseur REIT reports 1HFY2023 DPU of 3.322 cents, 2.6% lower y-o-y, due to lower renminbi and higher finance costs
Vito Xu, chairman of the manager. Photo: Albert Chua/The Edge Singapore
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The manager of Sasseur REIT (SGX:CRPU) has reported a distribution per unit (DPU) of 3.322 cents for the 1HFY2023 ended June 30, 2.6% lower y-o-y.

For the 2QFY2023, DPU fell by 7.2% y-o-y to 1.473 cents.

The lower DPUs were due to the stronger Singapore dollar (SGD) against the renminbi as well as higher finance costs for the period.

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