Sasseur Real Estate Investment Trust (Sasseur REIT)

Sasseur REIT appoints Cecilia Tan as new CEO of the manager - THE EDGE SINGAPORE

New appointments

Sasseur REIT appoints Cecilia Tan as new CEO of the manager

Tan is presently the senior strategic adviser to the group’s chairman Vito Xu
Analysts recommend investors 'buy' Sasseur REIT on improving tenant sales - THE EDGE SINGAPORE

Broker's Calls

Analysts recommend investors 'buy' Sasseur REIT on improving tenant sales

Units in Sasseur REIT closed 0.5 cent higher or 0.6% up at 80 cents on Nov 19.

Results

Sasseur REIT's 2Q20 DPU falls 6% to 1.512 cents, says business recovery is 'firmly underway'

This brings the REIT’s 1H20 DPU to 2.846 cents, some 12% lower than the DPU of 3.264 cents in 1H19.

Broker's Calls

Retail REITs 'poised for recovery' on gradual retail outlets reopening: DBS

As Singapore gradually reopens from its circuit breaker measures, DBS analyst Derek Tan and its Singapore research team believe that retail REITs are the “preferred” sector due to earlier-than-anticipated mall openings.

Results

Sasseur REIT posts 19.4% drop in 1Q20 DPU to 1.334 cents

Total outlet sales for 1Q20 fell 55.7% to RMB 534.5 million (S$106.8 million), due to the operational disruptions and temporary closures arising from the Covid-19 pandemic.

Broker's Calls

Brokers' Digest 929

Frasers Centrepoint Trust, Sasseur REIT and Oxley Holdings are among the stocks to watch this week.

Broker's Calls

Pent-up demand drives optimism for Sasseur REIT as outlet malls reopen

All four outlet malls in Sasseur REIT’s portfolio reopened around mid-March. And shoppers have come flocking back.

Covid-19

Sasseur REIT's Kunming, Hefei outlet malls get green light to reopen

Units in Sasseur REIT are trading some 20.7% lower than its recent peak of 92 cents on Jan 17, before the coronavirus fallout.

Broker's Calls

Sasseur REIT promising despite 18.5% drop in 4Q DPU to 1.629 cents

Can Sasseur REIT bounce back from the temporary closure of its retail outlet malls in China due to the Covid-19 situation?

Investing ideas

Sasseur REIT pares losses after kneejerk reaction to outlet closures

Will Sasseur REIT bounce back from the temporary closure of all four of its retail outlet malls in China amid the Wuhan coronavirus outbreak?
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