Sasseur Reit posts 1.6% rise in Q1 rental income to 175.4 million yuan
However, rental income was lower in Singapore dollar, due to depreciation of yuan
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[SINGAPORE] The global tariffs imposed by the US and the push by the Chinese government to boost domestic consumption provide Sasseur Real Estate Investment Trust ( Sasseur Reit ), which owns four outlet malls in China, with a “window of opportunity” to grow, said the Reit manager on Thursday (May 15).
Speaking at the Reit’s earnings brief for the first quarter ended Mar 31, Xie Jianfeng, the chief financial officer of the Reit manager, said that the Reit recorded “resilient growth” in Q1 as the China government pushed forward with efforts to stimulate local consumption.
On Mar 16, the State Council outlined a plan to boost domestic consumption and make it the primary driver of economic growth.
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