InvestIdeas

not vested

Sasseur REIT (SASSR SP)
Growth Underpinned By Consumption Upgrade For Middle-income Households

Sasseur REIT provides exposure to fast-growing outlet malls in tier-2 cities in China, where demand is driven by aspirational consumption and expansion of middle income households.

Leases are structured with 70% fixed rent with built-in 3% annual rental escalation, and 30% variable rent pegged to tenant sales.

The unique lease structure provides a balance between stability and growth.

Initiate with BUY.

Our target price of S$0.97 is based on DDM

Source: UOBKH

https://research.uobkayhian.com/content ... 383a9986a5

Sasseur REIT's CFO 'interviewed' by MAS and CAD for probe unrelated to REIT
https://www.theedgesingapore.com/news/r ... lated-reit

Sasseur REIT reports 3QFY2023 DPU of 1.512 cents, 17.7% lower y-o-y
https://www.theedgesingapore.com/capita ... ower-y-o-y

Sasseur REIT reports 4.6% lower FY2023 DPU of 6.249 cents due to stronger SGD and higher finance costs and tax expenses
https://www.theedgesingapore.com/capita ... and-higher