Sasseur REIT *Official* (SGX:CRPU)

[dappermen]

Of cos
All abt china+reits mah

 

[TehSi99]

This counter like good for dividend collecting only?

 

[dappermen]

A gd dividend stock must be able to maintain, if not up its price constantly (steadily and slow is fine)!!!

what is the point of buying and stocking up so much reit-stock that gives u a 10% dpu but its value keep dropping or flux(hence your capital gain is lesser)

A gem is a gem!!!


the STarhil is not a star
CapLanD china trust doesnt earn my trust

 

[TehSi99]

A gd dividend stock must be able to maintain, if not up its price constantly (steadily and slow is fine)!!!

what is the point of buying and stocking up so much reit-stock that gives u a 10% dpu but its value keep dropping or flux(hence your capital gain is lesser)

A gem is a gem!!!


the STarhil is not a star
CapLanD china trust doesnt earn my trust

Just hope this counter can acquire more malls given the low gearing ratio.

 

[Mulyc4Prez]

Agree this one quite under the radar but quite steady,

 

[dappermen]

Just hope this counter can acquire more malls given the low gearing ratio.

I trust they will hve some expansion plans

i like them in China!!
Unlike capLanD china trust

 

[dappermen]

neh! gd nws!
i dont rem Sass properties r in 1st clss cities like SH or Beij
but
of cos midclass also Can sell lux items! https://www.theedgesingapore.com/ca...inese-luxury-market-boom-and-increased-tenant

Sassy Sasseur!

 

[dappermen]

anyone able to show me a good valuable reits or stocks that :
-climbs back strongly rightly after ex-divs?
-Able to dpu more than 6.5-7%( even at troubled times) consistently
- climb back higher than pre-covid period before 2020 jan….
?

No1 but:
https://www.sgx.com/securities/equities/CRPU

This is one failure: nvm it could not pays divs consistently (since last yr) , it is so lousy https://www.sgx.com/securities/equities/AU8U

 

[dappermen]

Angbao lai liao https://www.businesstimes.com.sg/re...t-posts-67-increase-in-q2-dpu-to-1614-s-cents

https://links.sgx.com/1.0.0/corpora...736089551df981d554b9831963886a7c32ce068efc601

 

[Shion]

Brokers' take: KGI downgrades Sasseur Reit to 'neutral' on slower H2 growth outlook​

https://www.businesstimes.com.sg/st...r-reit-to-neutral-on-slower-h2-growth-outlook
KGI Securities has downgraded Sasseur Real Estate Investment Trust (Sasseur Reit) to "neutral" amid expectations of slower growth in the second half.

The research house had in June last year initiated coverage on Sasseur Reit, which owns outlet malls in China, with an "outperform" recommendation and a target price of S$0.89.

While raising its target price to S$0.97, its analysts believe Sasseur Reit's risk-reward profile has become "less attractive".

"We believe Sasseur's 14 per cent year-to-date unit price appreciation has largely priced in the recovery from the Covid-19 lows," said analysts Joel Ng and Megan Choo in a report on Thursday.

"We expect spending sentiments to take a hit in the second half of this year due to the Delta variant and the regulatory clampdown that the government is currently embarking on," they added.

While retail sales grew 8.5 per cent year-on-year in July, the analysts noted that this was the lowest increase since December 2020, and missed expectations of an 11.5 per cent expansion.

"Although structured as a Reit, Sasseur generates its rent revenue mainly through a sales-based system whereby tenants pay an agreed percentage of their sales revenue to the sponsor. Therefore, Sasseur allows investors a proxy to China's outlet retail spending, the country's fastest growing retail segment," Mr Ng and Ms Choo said.

For the three months ended June 30, rental income under its entrusted management agreements (EMAs) was 5.6 per cent higher at S$32.0 million, from S$30.3 million in the year-ago period.

The Reit posted a distribution per unit (DPU) of 1.614 Singapore cents for Q2, up 6.7 per cent from 1.512 cents in the year-ago period.

Distributable income rose 19.7 per cent to S$21.7 million in the second quarter, from S$18.2 million a year ago.

"With likely increase in rental income in the second-half coupled with prudent financing, we expect a slight DPU upside in H2 2021 and subsequently higher overall DPU in FY2021," the analysts said.

Units of Sasseur Reit are trading 0.5 per cent or half a Singapore cent higher at S$0.94 as at 4pm on Thursday.

 

[dappermen]

Still, a Gem!

 

[dappermen]

Nevertheless still a slow and stable gem! Although it was never in the iedge s-reit ldr

 

[wira]

DBS also bullish on this with TP $1.10

https://www.dbs.com.sg/treasures/ai...ent/data/en/DBSV/082021/SASSR_SP_08162021.xml

 

[dappermen]

yes i knw evn my fav investmt firm vested in it - Mirae Asset Global Investments (USA) LLC

 

[dappermen]

but it dropped alot recently!

 

[dappermen]

guess who top the list?
https://forums.hardwarezone.com.sg/...ussion-thread.4313167/page-144#post-137573609

not saying the Higher the div yield the better!

For stocks with a dividend yield of 7-8%:

For stocks with a dividend yield of 7-8%:​

Company Name	Code	P/E	Dividend Yield (%)
Asian Pay Tv Tr	S7OU	11.42	7.35%
Casa	C04	8.56	7.58%
EC World Reit	BWCU	20.83	7.26%
EliteComREIT GBP	MXNU	14.79	7.64%
HC Surgical	1B1	10.41	7.21%
HPH Trust USD	NS8U	11.23	7.89%
Karin Tech	K29	12.22	7.40%
KepPacOakReitUSD	CMOU	10.24	7.84%
New Toyo	N08	11.24	7.50%
Pan Hong	P36	1.71	7.69%
Sabana Reit	M1GU	11.56	7.11%
Sasseur Reit	CRPU	17.58	7.55%

 

[Shion]

Sasseur REIT posts 3.8% higher 3QFY21 DPU of 1.831 cents; sees highest 9MFY21 DPU of 5.204 cents​

https://www.theedgesingapore.com/ca...1-dpu-1831-cents-sees-highest-9mfy21-dpu-5204
The manager of Sasseur REIT has reported distribution per unit (DPU) of 1.831 cents for the 3QFY2021 ended September 30, 3.8% higher than DPU of 1.764 cents in the same period the year before.

The quarter’s distributable income increased 6.9% y-o-y to $23.2 mil; for the quarter, the REIT manager has elected to retain $1.0 million for asset enhancement initiatives (AEIs) and working capital requirements.

3QFY2021 EMA rental income fell 1.4% y-o-y to RMB150.4 million ($31.4 million) due to dampened consumer sentiment from the outbreak of Covid-19 cases, which originated from Nanjing in July 2021.

The REIT’s four outlets in China saw total sales decline 10.3% y-o-y during the quarter to RMB996.6 million.

Shopper traffic in the REIT’s outlets was affected due to government regulations, including partial lockdown and travel restrictions.

The unusually warm weather in September had also reduced shoppers’ demand for winter fashion, which affected overall sales.

Despite these factors, DPU for the 3QFY2021 was higher y-o-y on lower interest expenses, as well as tax and trust expenses. A favourable RMB to SGD exchange rate also contributed to the higher RMB.

During the 9MFY2021, the REIT saw DPU increase 12.9% y-o-y to 5.204 cents, which is the highest nine-month DPU, according to the REIT manager.

9MFY2021 EMA rental income increased 7.8% y-o-y to RMB453.6 million, while total sales for the same period stood 21.8% y-o-y up at RMB3.02 billion.

Assuming a 100% distribution rate, Sasseur REIT’s DPU for the 3QFY2021 and 9MFY2021 would’ve been at 1.913 cents and 5.661 cents respectively.

As at end-September, the REIT has an average portfolio occupancy of 93.7%, 0.6 percentage points higher y-o-y.

Its weighted average lease expiry (WALE) stood at 2.7 years as at end-September.

The REIT has the lowest gearing among the Singapore REITs (S-REITs) at 27.2% as at end-September.

“Our proactive asset management strategies which include revitalising tenant mix, asset upgrading and careful curation of offerings delivered an encouraging set of results this quarter. In September, we held our most anticipated mega anniversary sale event of the year, where outlets operated overnight until 6am on the first day, with hourly flash sales activities to keep shoppers excited throughout the night. This event spanning over more than two weeks contributed to approximately half of the quarter’s total sales,” says Cecilia Tan, CEO of the manager.

“The outlet industry will continue to remain appealing as consumers are on the hunt for a good deal, especially so during economic downturn. As conventional retail sales weaken, more stockpile will flow into our outlets where customers can enjoy higher discounts, translating into greater sales volume and revenue for our outlets. It is this unique position which adds resilience to our business model, which is why Sasseur REIT continues to deliver a healthy set of results, despite the slower economic growth in China during the third quarter,” says Vito Xu, chairman of the manager.

Units in Sasseur REIT closed at 86 cents on Nov 11.

 

[dappermen]

gd rite??????????????????????? i hve not seen a reit better than sasseur@! never!

hve u?

 

[TehSi99]

gd rite??????????????????????? i hve not seen a reit better than sasseur@! never!

hve u?

Good reit.

My only concern is they continue paying good dividend despite lower rental income.

 

[dappermen]

I ONLY KNOW THE facts
when china has an outbreak of Covid at beginning of 2020 till mid

it never failed to slowly climb up steadily bit by bit , inch by inch
i m not asking it to fly or to perform silly stunts like a tesla stock or Elon musk
i never love Hype and magic


i like it slow and good

this is 1 good 1

many big names in Singpore cannot even offer this

lookg fwd to its:

the REIT manager has elected to retain $1.0 million for asset enhancement initiatives (AEIs) and working capital requirements.

i truly believe a good stock may not necessarily be a good-return stock!

to compare? use Lan Caplan

if dont trust sasseur ??? use this Lan 1 - https://www.sgx.com/securities/equities/AU8U