3QFY2022 distributable income had also included a one-off non-recurring tax refund of $2.1 million relating to Chongqing Liangjiang Outlet. Without the tax refund, the REIT’s DPU for the 3QFY2023 and 9MFY2023 would have declined by 9.7% y-o-y and 4.9% y-o-y respectively.
Sasseur REIT has reported a distribution per unit (DPU) of 1.512 cents for the 3QFY2023 ended Sept 30, 17.7% lower y-o-y.
This brings its 9MFY2023 DPU to 4.834 cents, 7.9% lower y-o-y, mainly due to the depreciation of the renminbi (RMB) against the Singapore dollar (SGD) and higher finance costs. On a like-for-like basis, the REIT’s DPU would have been at 5.355 cents, 2.0% higher y-o-y.
