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Sasseur REIT Reports 0.2% Rise in Full Year 2020 DPU

March 1, 2021 – Sasseur Real Estate Investment Trust’s distribution per unit (DPU) hit 6.545 Singapore cents for the full year of 2020, up from the 6.533 Singapore cents in the same full year in 2019.

asseur REIT recorded Entrusted Management Agreement (EMA) rental income of RMB 159.1 million (US$24.6 million) in 4Q 2020, 4.3% higher than 3Q2020, with the variable component rising 13.1% to RMB 56.7 million (US$8.78 million) in andem with higher sales in 4Q2020.

The four outlet malls generated RMB 1.25 billion (US$190 million) of sales in 4Q 2020, a significant improvement of 12.2% from 3Q 2020, boosted by year-end promotions and seasonal events such as Christmas, the Winter Solstice and New Year.

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