Sasseur Reit Q2 DPU rises 6.7%, manager eyes acquisition

Singapore

SASSEUR Real Estate Investment Trust (Sasseur Reit), which owns outlet malls in China, posted a distribution per unit (DPU) of 1.614 Singapore cents for the three months ended June 30, 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. The Reit manager said for Q2 it elected to retain 10 per cent of distributable income to provide funding for future capital expenditure and working capital purposes. The distribution will be paid out on Sept 28.