| Latest Forum Topics / Sasseur Reit Last:0.665 -- |
 Post Reply
|
|
Sasseur REIT Latest News
|
|||||
|
Octavia
Supreme |
13-Nov-2020 10:35
|
||||
|
x 1
x 0 Alert Admin |
Dividend $0.01764c Ex-date:11 Dec 20 Payable date:28 Dec 20 |
||||
| Useful To Me Not Useful To Me | |||||
|
Octavia
Supreme |
13-Nov-2020 10:26
|
||||
|
x 0
x 0 Alert Admin |
Sasseur REIT Reports 3Q 2020 DPU of 1.764 cents, 16.7% higher than 2Q 2020 DPU ▪ 3Q 2020 distributable income of S$21.2 million maintained at 100% distribution, DPU of 1.764 cents is 7.6% higher than 3Q 2019 ▪ Portfolio sales rebounded strongly to nearly pre-COVID-19 levels in line with the economic recovery of China four outlet malls generated total sales of RMB1.1 billion for 3Q 2020, 32.9% higher than 2Q 2020 ▪ Completed early refinancing of loans due in March 2021 with no refinancing needed until March 2023, with lower interest costs and keeping a low gearing of 27.8% Singapore, 13 November 2020 &ndash Sasseur Asset Management Pte. Ltd. (&ldquo SAMPL&rdquo ), manager of Sasseur Real Estate Investment Trust (&ldquo Sasseur REIT&rdquo 砂 之 船 房 地 产 投 资 信 托 ), is pleased to announce Sasseur REIT&rsquo s portfolio of four outlet malls in China has reported distributable income of S$21.2 million for the quarter ended 30 September 2020 (&ldquo 3Q 2020&rdquo ), a 16.9% increase from S$18.2 million in 2Q 2020. The portfolio delivered robust sales growth in 3Q 2020 as shown in its higher EMA Rental Income due to a 30.3% higher variable rental income of RMB 50.2 million as compared to RMB 38.5 million in 2Q 2020. The REIT also registered lower interest expense which is in line with the reduction of Swap Offer Rate (&ldquo SOR&rdquo ) for offshore loan and lower effective tax rate than corresponding periods. Sasseur REIT continues to maintain distribution of 100% for 3Q 2020 the distribution per unit (&ldquo DPU&rdquo ) declared is 1.764 cents, 16.7% higher than 2Q 2020. Total DPU for the nine months ended 30 September 2020 at 4.610 cents is only 6% lower than the DPU of 4.904 cents for the corresponding period in 2019. In September 2020, Sasseur REIT&rsquo s four outlet malls celebrated Sasseur&rsquo s group anniversary, the most anticipated event of the year. There were mega anniversary sales promotions across all the outlet malls for a period of two weeks in September, followed by more promotions during China&rsquo s &lsquo golden week&rsquo holiday in the first week of October to celebrate China&rsquo s national day. Both events recorded very encouraging sales as shoppers were drawn to the outlet malls through active, targeted marketing and advertising on the major social media platforms such as Tik Tok and WeChat. Shopper traffic has rebounded strongly, lifting sales across Sasseur REIT&rsquo s four outlet malls to RMB 1.1 billion for 3Q 2020, a 32.9% increase from 2Q 2020. Sasseur REIT&rsquo s portfolio occupancy rate for 3Q 2020 remained stable at 93.1%. In addition, total VIP members of the four malls have increased to 1.96 million as of 30 September 2020, 23.4% higher than at the end of 2019. The phased completion of the asset enhancement initiative (&ldquo AEI&rdquo ) works at Chongqing outlet has shown positive initial result. Chongqing&rsquo s 3Q 2020 actual sales had surpassed the same period last year by 2.4%, and was especially strong during the September anniversary period. The higher sales were partly attributed to the entry of new brands like Versace and Armani Exchange, and boosted by successful overnight sales event with attractive discounts in the outlets. We expect to realise the full benefits of the AEI works when they are completed next year. This will come from increasing the leasable space to house more brands that will help improve both shoppers&rsquo traffic and sales. Weighted average cost of debt (excluding upfront fees) decreased to 4.1% for the period ended 30 September 2020 compared to 4.4% for the corresponding period in 2019. Sasseur REIT successfully refinanced loans due in March 2021 by securing an offshore loan facility of an aggregate amount of S$214 million and US$20 million of term loan facilities, as well as S$8 million of revolving credit facility. The refinancing exercise improves Sasseur REIT&rsquo s loan portfolio and reduces financing cost. The full effect of the lower interest expense will be reflected from October 2020 onwards. Sasseur REIT&rsquo s aggregate leverage remains healthy at 27.8% well below the regulatory limit of 50%, with no major refinancing needed until March 2023. Net asset value per unit is higher at S$0.92 as at 30 September 2020, compared to S$0.90 as at 30 June 2020. Sasseur REIT congratulates its sponsor Sasseur group on the grand opening of its 12th outlet mall in Yangzhou, China on 19th September 2020. The new outlet covers over 100,000 square meters of total area and carries more than 400 international and domestic brands. The grand opening recorded RMB 52 million sales within 36 hours, a remarkable achievement in view of the pandemic situation. Sasseur Yangzhou Outlet Mall joins the strong line of pipeline projects for Sasseur REIT. Mr Vito Xu, Chairman of SAMPL, said, &ldquo I am extremely pleased to see the continued recovery of our outlet malls&rsquo sales, thanks to the Sasseur group team who has stepped up marketing and customer engagement efforts. As the first major economy to recover from the COVID-19 pandemic, China reported 4.9% GDP growth in 3Q 20201 . According to the latest economic outlook report released by the International Monetary Fund (&ldquo IMF&rdquo ) in October 2020, China will be the only economy in the world to show positive growth in 2020 as its GDP is predicted to expand 1.9 % in 2020. We are upbeat that the retail outlet industry will strengthen as China&rsquo s economic prospects improve. The outlet sector has grown robustly as consumers continue to seek for value-for-money deals. Till date, our strong sales performance - 56.4% growth from 1Q to 2Q and 32.9% growth from 2Q to 3Q this year - has demonstrated the resilience of our outlet mall sector, which is underpinned by Sasseur group&rsquo s operational expertise, and deep knowledge of the China consumer preferences and behaviour. Our customer base comprises predominantly domestic Chinese consumers, hence the global travel restriction has no impact on us. We expect the performance of Sasseur REIT&rsquo s portfolio to remain strong in the coming months. Sasseur is a role model of China&rsquo s so called &ldquo internal circulation&rdquo domestic economy.&rdquo Mr Anthony Ang, CEO of SAMPL, said, &ldquo Sasseur group&rsquo s experience and expertise in managing outlet operations have stood us in good stead despite the ongoing pandemic. As our footfall and sales recover, we will continue to engage in lease renewal with our tenants and offer an attractive product and shopping experience for our customers. We are also pleased to have successfully completed our refinancing well ahead of the March 2021 maturity date and at a more favourable rate, which will translate into greater flexibility for stability and growth, and reducing interest cost, further enhancing value for our unitholders.&rdquo For its excellent performance in corporate governance and investor engagement, Sasseur REIT clinched, for the second consecutive year, three top awards &ndash Best Retail REIT (Platinum), Best CEO (Platinum) and Best Investor Relations (Platinum) &ndash for REITs under US$ 1 billion market capitalisation at The Asia Pacific Best of the Breeds REITs Awards&trade 2020. Sasseur REIT also jumped 20 spots to rank 25th in this year&rsquo s Singapore Governance and Transparency Index&rsquo s REITs and Business Trust Category, in recognition of its high standards of corporate governance and reporting. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Octavia
Supreme |
12-Nov-2020 10:16
|
||||
|
x 0
x 0 Alert Admin |
 Chuna economy rebounded strongly in Q2 with significant improvement in the outlet sales figures after the lifting of the lockdown in China.The recent GDP for Q3 also met expectations and with recent Golden Week holiday in China,it is expected to boost the REIT in terms of sales figure in the near term.
|
||||
| Useful To Me Not Useful To Me | |||||
|
brchkho1
Master |
09-Nov-2020 12:15
|
||||
|
x 0
x 0 Alert Admin |
Retail
|
||||
| Useful To Me Not Useful To Me | |||||
|
HappyTan
Member |
09-Nov-2020 10:53
|
||||
|
x 0
x 0 Alert Admin |
https://www.youtube.com/watch?v=NYm1nwbjnjI https://sginvestors.io/sgx/reit/crpu-sasseur-reit/target-price Got great potential |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
St.Maximus
Supreme |
08-Nov-2020 22:51
|
||||
|
x 0
x 0 Alert Admin |
What kind of reit is this, if i may ask? Industrial?? | ||||
| Useful To Me Not Useful To Me | |||||
|
Octavia
Supreme |
08-Nov-2020 22:44
|
||||
|
x 0
x 0 Alert Admin |
The Board of Directors (the &ldquo Board&rdquo ) of Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust (&ldquo Sasseur REIT&rdquo , and Sasseur Asset Management Pte. Ltd. as manager of Sasseur REIT, the " Manager" ), would like to announce that the financial results of Sasseur REIT for the third quarter ended 30 September 2020 will be released on Friday, 13 November 2020 before trading hours. |
||||
| Useful To Me Not Useful To Me | |||||
|
Octavia
Supreme |
25-Sep-2020 14:19
|
||||
|
x 0
x 0 Alert Admin |
Dividend shld be in today. Mine only get update in the evening.😔 | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Octavia
Supreme |
18-Sep-2020 14:36
|
||||
|
x 0
x 0 Alert Admin |
Hopefully can close 78-78.5c wld be nice.🌟 | ||||
| Useful To Me Not Useful To Me | |||||
|
jervis43
Member |
15-Sep-2020 18:29
|
||||
|
x 0
x 0 Alert Admin |
Finally this one has some movement
|
||||
| Useful To Me Not Useful To Me | |||||
|
joakim
Member |
11-Sep-2020 02:31
|
||||
|
x 0
x 0 Alert Admin |
REITs seem safer during this time period when even Medical stocks not doing well! Join our SGX/US Stock Exchange chats on telegram: http://t.me/sgHuat |
||||
| Useful To Me Not Useful To Me | |||||
|
jervis43
Member |
11-Sep-2020 02:24
|
||||
|
x 0
x 0 Alert Admin |
https://investors.sgx.com/company-disclosures/company-announcements?annc=GPFUC2E6LTPLBTIP | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Octavia
Supreme |
23-Aug-2020 15:10
|
||||
|
x 0
x 0 Alert Admin |
China&rsquo s economy is among the world&rsquo s fastest to recover from the pandemic, aided by strict virus control measures and a rebound in industrial output and consumer sentiment.This bode well for Sasseur REIT. | ||||
| Useful To Me Not Useful To Me | |||||
|
Octavia
Supreme |
20-Aug-2020 09:11
|
||||
|
x 0
x 0 Alert Admin |
Nav 90.3c and increasing. Sasseur REIT yield is the highest Vs other asset classes. Sasseur_REIT-CGS-CIMB%20_Investor_Webinar.pdf |
||||
| Useful To Me Not Useful To Me | |||||
|
Octavia
Supreme |
19-Aug-2020 15:24
|
||||
|
x 0
x 0 Alert Admin |
This stock looks promising with the Chinese flocking back to their recreational activities. https://www-nbcnews-com.cdn.ampproject.org/v/s/www.nbcnews.com/news/amp/ncna1237100?amp_js_v=a3& amp_gsa=1& usqp=mq331AQFKAGwASA%3D#aoh=15978206507830& csi=1& referrer=https%3A%2F%2Fwww.google.com& amp_tf=From%20%251%24s& ampshare=https%3A%2F%2Fwww.nbcnews.com%2Fnews%2Fworld%2Flife-after-coronavirus-thousands-flock-wuhan-pool-party-n1237100 |
||||
| Useful To Me Not Useful To Me | |||||
|
Octavia
Supreme |
14-Aug-2020 09:17
|
||||
|
x 0
x 0 Alert Admin |
Dividend $0.01512 Ex-date:28Aug20 Payable date:25Sep20 | ||||
| Useful To Me Not Useful To Me | |||||
|
Oldschool
Member |
14-Aug-2020 08:32
|
||||
|
x 0
x 0 Alert Admin |
Results don' t look too bad. Sasseur REIT Reports 2Q 2020 Distributable Income of S$18.2 Million &bull Maintains 100% distribution in 2Q 2020 DPU of 1.512 cents, 13.3% higher than 1Q 2020 DPU of 1.334 cents &bull Rapid recovery of sales close to pre-COVID level total sales of RMB 835.7 million recorded in 2Q 2020 is 56% higher than RMB 534.5 million in 1Q 2020 &bull Asset enhancement works progressing well for Chongqing and Hefei Outlets. |
||||
| Useful To Me Not Useful To Me | |||||
|
Octavia
Supreme |
03-Aug-2020 22:12
|
||||
|
x 0
x 0 Alert Admin |
2Q20 and half yr result tba 14 Aug 20 before trading hour.
No more position on this.
|
||||
| Useful To Me Not Useful To Me | |||||
|
chengwh1
Elite |
17-Jun-2020 11:35
|
||||
|
x 0
x 0 Alert Admin |
OKay,... just concluded,... after this,... CMT pre-AGM at 12.30 pm,... CMT' s turn to rebut this ' competitor' ,.... Wahh,... today, no need to work already,... just doing eAGMs only whole day,.... |
||||
| Useful To Me Not Useful To Me | |||||
|
chengwh1
Elite |
17-Jun-2020 11:24
|
||||
|
x 0
x 0 Alert Admin |
COO speaking now,.... 1) Going to expand outside of China, but not indicated to where,... 2) Tenant Lease periods are deliberately made to be short in order that Sasseur is able to re-evaluate tenant performance regularly, since rental collection depends on tenant sales performance too. They kept emphasizing on their EMA model of rental collection.... Anyway,... I read CMT is moving in this direction too,... starting with Funan Mall ! |
||||
| Useful To Me Not Useful To Me | |||||