In RMB terms, the REIT’s entrusted manager agreement (EMA) rental income rose by 7.7% y-o-y to RMB170.6 million ($32.7 million) though EMA rental income in Singapore dollars (SGD) fell by 2.1% y-o-y to $33.1 million as the RMB fell against the SGD.
Sasseur REIT (SGX:CRPU
) has reported a distribution per unit (DPU) of 1.849 cents for the 1QFY2023 ended March 31, 1.5% higher y-o-y.
The DPU, which doesn’t include the REIT’s retained income of $0.9 million, is the highest DPU for the first quarter since its listing. The REIT retained about 3.8% of its distributable income for working capital purposes.
