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Sasseur REIT
About Sasseur REIT
Sasseur Real Estate Investment Trust is an SGX Mainboard-listed REIT and the first outlet REIT listed in Asia. It offers investors exposure to China’s outlet mall sector through a portfolio of income-producing retail outlet properties in Chongqing Liangjiang, Chongqing Bishan, Hefei and Kunming.
The portfolio is positioned around destination outlet shopping, dining and entertainment demand across three Chinese cities, with a reported net lettable area of 310,241 square metres, RMB8.42 billion portfolio valuation and 98.9% portfolio occupancy as at 31 December 2024. Sasseur REIT is managed by Sasseur Asset Management Pte. Ltd.
SGX Announcements
- 27 Aug 2026 Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer::Changes in Interest of Director - Ms Yang Xue
- 27 Aug 2026 Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer::Changes in Interest of Director - Mr Xu Rongcan
- 27 Aug 2026 Disclosure of Interest/ Changes in Interest of Trustee-Manager/ Responsible Person::Changes in Interest of Trustee-Manager/ Responsible Person
- 18 Aug 2026 Disclosure of Interest/ Changes in Interest of Substantial Shareholder(s)/ Unitholder(s)::Change in the Percentage Level of Interest of Substantial Unitholders
- 18 Aug 2026 Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer::Changes in Interest of Director - Ms Yang Xue
Investment Merits
- Distinctive SGX-listed exposure to China’s outlet mall sector as the first outlet REIT listed in Asia.
- Portfolio scale is supported by four outlet malls across Chongqing, Kunming and Hefei, with high reported occupancy and destination retail positioning.
- REIT structure provides a distribution-focused investment profile, with latest financial data showing resilient net income and a high distribution yield.
Research
| Brokerages | Report | Analysts | Recommendation | TP |
|---|---|---|---|---|
| KGI Securities | Download File | Alyssa Tee | OUTPERFORM | S$0.88 |
| Lim & Tan Securities | Download File | James Lim, Nicholas Yon | BUY | S$0.93 |
| SooChow Singapore Capital Markets | Download File | Ilvin Cornelis | BUY | S$0.87 |
| Lim & Tan Securities | Download File | James Lim, Nicholas Yon | BUY | S$0.91 |
| SooChow Singapore Capital Markets | Download File | Ilvin Cornelis | BUY | S$0.85 |
Archive
2026
- 27 Aug 2026 – KGI Securities: DPU upgraded on lower funding costs
- 20 Aug 2026 – Lim & Tan Securities: More shoppers, cheaper debt
- 17 Aug 2026 – SooChow Singapore Capital Markets: Robust 1H26 DPU growth
- 05 Aug 2026 – Lim & Tan Securities: Yield Play on China’s Outlet Recovery
- 15 May 2026 – SooChow Singapore Capital Markets: DPU at inflection point
Stock Information
| Price | Market Cap (SGDm) |
|---|---|
| SGD 0.6700 | 847.35 |
Key Financial Highlights
| Key Highlights | TTM (SGD) |
|---|---|
| Revenue | 120.98M |
| Net Income Available to Common | 63.26M |
| Profit Margin | 52.29% |
| Return on Assets | 3.93% |
| Return on Equity | 6.19% |
| Price/Sales (ttm) | 6.90 |
| Price/Book (mrq) | 0.83 |
| Enterprise Value/Revenue | 9.04 |
| Dividend Yield | 9.16% |
| Total Cash (mrq) | 177.75M |
| Total Debt/Equity (mrq) | 43.00% |
| Operating Cash Flow (ttm) | 106.51M |