Sasseur Reit Q2 DPU up 1.3% despite Sino-US trade war

Singapore

SASSEUR Reit on Tuesday posted a distribution per unit (DPU) of 1.608 Singapore cents for its second quarter ended June 30, 1.3 per cent higher than the DPU of 1.587 cents for March 28 to June 30, 2018.

The Reit (real estate investment trust) - which listed on March 28, 2018 - posted distributable income of S$19.2 million, 2.3 per cent higher than the S$18.8 million for March 28 to June 30, 2018 period. Distributable income for the quarter was also 10.5 per cent higher than a previously projected S$17.3 million.