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Sasseur Reit
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Sasseur REIT Latest News
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teeth53
Supreme |
12-May-2022 15:08
Yells: "don't learn through life, learn to grow with life " |
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(CEO) Cecilia Tan believes that the Reit will be able to mitigate the situation and go away with ?some level of savings? to secure higher distributions per unit (DPU), as the exercise entails increasing the proportion of its offshore debt. The refinancing exercise, which is expected to complete by the end of this year, was meant to de-risk its current debt profile by staggering its debt maturity and amount. Currently, 53 per cent of Sasseur Reit?s loans are onshore loans. These entail an outstanding quantum of 1.3 billion yuan (S$276 million) that will mature in March 2023. Its offshore debts ? S$214 million and US$20 million ? have the same maturity date. The weighted average cost of debt as of Mar 21 is 4.4 per cent. ?Even if China might be easing, with a drop in their central bank rates, overall, the onshore piece is still much more expensive. So on a blended basis, by moving more debt offshore, we hope to still achieve overall cost savings that would be at a reasonable level,? said Tan. but we also need to recognise that the environment then was very different from now.? Then, there was no Russia-Ukraine war, no huge inflationary pressure of energy prices, she noted. Nevertheless, Tan said she believes that highlighting the fundamental strength of its portfolio will help it build its case with banks better, as she pointed to a rosier set of results in the first quarter of the year released on Thursday (May 12). ?On balance, I think we are still very optimistic that we will be able to complete this with some level of savings that will translate to higher DPU,? she added | ||||
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teeth1953
Member |
12-May-2022 13:33
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Sasseur REIT&rdquo ) will be closed on 13 June 2022 at 5.00 p.m. (Record Date) to determine the entitlement of Unitholders to Sasseur REIT&rsquo s distribution of 1.822 cents (SGD) per Unit for the period from 1 January 2022 to 31 March 2022 The Distribution will comprise a distribution out of tax-exempt income (Tax-Exempt Income Distribution). Unitholders whose securities accounts with The Central Depository (Pte) Limited (&ldquo CDP&rdquo ) are credited with Units in Sasseur REIT on the Record Date will be entitled to the Distribution to be paid on 28 June 2022. Declaration for Singapore Tax Purposes Tax-Exempt Income Distribution The Tax-Exempt Income Distribution is exempt from Singapore income tax in the hands of all Unitholders. No tax will be deducted from such distribution. Important Dates and Time Description Date/Deadline Record Date 13 June 2022 at 5.00 p.m. Distribution Payment Date 28 June 2022 |
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teeth53
Supreme |
12-May-2022 12:17
Yells: "don't learn through life, learn to grow with life " |
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REIT?s net asset value (NAV) per unit stood at 99.22 cents as at end-March.
☆ 》 Looking ahead, REIT manager has laid out plans for its next growth phase. This includes attracting shoppers through digitalisation and proactive asset management strategies, seeking opportunities to consolidate higher ownership of its Sasseur Hefei outlets, as well as sharpening the appeal of its outlets to take advantage of the strong domestic consumption. ☆ 》 In addition, REIT manager is looking to acquire its sponsor?s right of first refusal (ROFR) and, or pipeline properties moving forward. Unitholders will receive their distributions on June 28
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teeth53
Supreme |
12-May-2022 12:11
Yells: "don't learn through life, learn to grow with life " |
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Sasseur REIT has reported a distribution per unit (DPU) of 1.822 cents in the 1QFY2022 ended March, 3.58% higher than the DPU of 1.759 cents in the same period the year before.
☆ 》 The DPU comes after the retention of $2.5 million or 10% of its distributable income for working capital purposes. If not, DPU would?ve stood 3.5% higher y-o-y at 2.024 cents. ☆ 》 According to REIT manager, the quarter?s DPU is the highest for the 1Q period since ● REIT?s listing. ☆ 》 REIT?s distributable income of $24.7 million, ● was up by 4.7% y-o-y, was another record high.
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actan99
Veteran |
12-May-2022 11:37
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https://www.theedgesingapore.com/capital/results/sasseur-reit-reports-dpu-1822-cents-1qfy2022-358-y-o-y | ||||
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teeth53
Supreme |
10-May-2022 14:17
Yells: "don't learn through life, learn to grow with life " |
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Sasseur REIT, Manager would to announcing the financial results of Sasseur REIT soon. | ||||
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laksaman57
Supreme |
25-Apr-2022 17:16
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https://www.google.com/amp/s/amp.theguardian.com/world/2022/apr/25/covid-lockdown-fears-spark-panic-buying-in-beijing-as-largest-district-begins-mass-testing
"Beijingers were flooding supermarkets to stock up on food on Monday, hoping to avoid Shanghai-style shortages in the case of a city-wide lockdown as the capital records a growing number of Covid infections." |
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marketuncle
Senior |
25-Apr-2022 14:09
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btw, if you read the recent Q& A with EC world and Dasin Retail Trust, the credit freeze sweeping property market, collateral damage on REITs like EC World and Dasin is very bad. This is of an even bigger threat to Sasseur as going concern with its bullet loan due 2023 compared to covid, which will eventually blow over. | ||||
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marketuncle
Senior |
25-Apr-2022 13:54
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The country is managed like a crab, once the virus get pass the hard shell, its buffet time. If they continue with the zero covid policy, in all likelihood, a nationa-wide lock down might become inevitable eventuality. | ||||
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desmondxyz
Senior |
25-Apr-2022 09:55
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Heard Hefei also have growing covid cases and started to lockdown, if the situation lose control like shanghai, Hefei outlet will be severely hit..... | ||||
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teeth53
Supreme |
10-Apr-2022 20:15
Yells: "don't learn through life, learn to grow with life " |
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Sasseur REIT (CRPU ) owns a portfolio of four outlet malls in Chongqing, Kunming and Hefei. Its market capitalisation is $1.0b, making it the 2nd-largest China-focused S-REIT. ☆ 》 Its FY2021 results, its rental income amounted to $127.5 million, about 10% higher than FY2020. Its DPU also rose 8.5% to $0.07104. ☆ 》 In YTD 2022, Sasseur REIT's share price has dipped about 1% to $0.835. Resultantly, it is trading at a dividend yield of 9%. | ||||
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teeth53
Supreme |
10-Apr-2022 20:01
Yells: "don't learn through life, learn to grow with life " |
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As 2nd-largest economy in the world, investors cannot afford to ignore China in our investment portfolio. For REIT investors in Singapore, there also 5 China-focused REITs listed on the SGX - CapitaLand China Trust BHG Retail REIT Dasin Retail Trust EC World REIT Sasseur REIT. ☆ 》 However, there are several things we need to consider when investing in China-focused REITs. First, there has been increasing uncertainty over loan refinancing - as reported by both Dasin Retail Trust in December 2021 and EC World REIT more recently. ☆ 》 Like most businesses, REITs were severely affected by the COVID-19 pandemic. Even as global economies are well into their re-opening strategy today, China is still pursuing a zero-COVID policy - which will continue to impact various REITs in China. ☆ 》 The COVID-19 pandemic has also led to heightened inflation. First, disrupting supply chain and then having to catch up with pent-up demand as economies reopen. Russia's invasion of Ukraine has also contributed to rising inflation concern in the world. In a bid to fight inflation, central banks globally are looking to increase interest rates. This may pressure REITs even further as the cost of borrowing goes up. At the same time, the corresponding economic growth, that usually follows higher interest rates, may not be as strong. ☆ 》 We look more closely at the 5 China-focused S-REIT. The post 5 China-Focused S-REITs That You Can Invest In: CapitaLand China Trust BHG Retail REIT Dasin Retail Trust EC World REIT Sasseur REIT appeared first on DollarsAndSense.sg. ☆ 》 Contributed By: Dollars And Sense | ||||
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vicloo
Elite |
29-Mar-2022 22:13
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👍 👍 👍
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dloh1368
Member |
29-Mar-2022 15:31
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Hopefully the lockdown in China will not affect its malls. | ||||
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vicloo
Elite |
29-Mar-2022 11:18
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Scooped some up @ 84c today 😁 😁 😁 👍 👍 👍
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teeth53
Supreme |
20-Mar-2022 19:40
Yells: "don't learn through life, learn to grow with life " |
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Pure-play China S-Reits record strong 2021 growth SUN, MAR 20, 2022 4 S-Reits and 1 property trust with pure exposure to China. These trusts have assets across sub-sectors such as retail malls, logistics and industrial, and office and business parks based in China. All 5 trusts have recorded stronger rental incomes and declared increases in distributions made to unitholders for full year 2021. Common themes across their full-year earnings were resilient portfolio occupancy rates, recovery in shopper footfalls and tenant sales, and contributions from acquisitions despite recent Covid-19 resurgences. Fewer commercial strata units in city centre will benefit shoppers, tenants: consultants Sasseur Reit Sasseur Reit : CRPU -0.61% and its portfolio of 4 retail outlet malls posted 8.5 per cent growth in DPU and 10.1 per cent growth in entrusted management agreement (EMA) rental income in FY2021, despite Covid-19 disruptions. The Reit saw continued robust consumption trends in the cities where its outlets are located, coupled with intensive promotional efforts with tenants which drove higher sales. Its portfolio occupancy rate rose to 94.5 per cent in Q42021 compared to 93.7 per cent in Q32021. The Reit believes that it will continue to benefit from China's domestic consumption.
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teeth53
Supreme |
20-Mar-2022 19:32
Yells: "don't learn through life, learn to grow with life " |
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https://www.businesstimes.com.sg/companies-markets/pure-play-china-s-reits-record-strong-2021-growth | ||||
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teeth53
Supreme |
18-Mar-2022 17:22
Yells: "don't learn through life, learn to grow with life " |
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LISTED real estate investment trusts (S-Reits) have been a favourite asset class for investors in search of income. ☆ 》 But those hoping to retire with a portfolio of Reits should be mindful of future demands for cash infusions. ☆ 》 S-Reits and property trusts have an average 12-month dividend yield of 6.4%, according to Singapore Exchange (SGX) as at Jan 31. This dwarfs the average 3% yield from the benchmark Straits Times Index (STI) over the same period. ☆ 》 But some S-Reits have also been active in raising money from investors via rights issues and preferential offerings - which is not factored into.... . | ||||
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teeth53
Supreme |
18-Mar-2022 16:47
Yells: "don't learn through life, learn to grow with life " |
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Pace of fundraising activities among Singapore-listed real estate investment trusts (S-Reits) has been accelerating.
☆ 》 Nearly half of the 60-odd rights issues and preferential offerings launched in the 20-year history of S-Reits have come over the past 5 years. ☆ 》 Investors, then, find themselves having to decide more frequently on whether they should subscribe for these offerings. ☆ 》 Some will find themselves stuck between a rock and a hard place - cough up cash for new
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actan99
Veteran |
16-Mar-2022 18:02
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those are HK listed stocks like baba, tencent and all the tech etfs, not the ones at sgx, Anyway they exploding up big now lol.
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