Sasseur Reit Q3 rental income up 4.9% at 166.3 million yuan

[SINGAPORE] The manager of Sasseur Real Estate Investment Trust (Sasseur Reit) on Thursday (Nov 13) posted rental income of 166.3 million yuan (S$30.4 million) for its third quarter ended September, an increase of 4.9 per cent from 158.6 million yuan in the same period the year before.

This was underpinned by strong outlet sales performance during the period, according the Reit’s Q3 business update.

Its total outlet sales crossed one billion yuan in Q3, up 10.8 per cent year on year.

Additionally, cost of debt lowered to 4.6 per cent, supported by a 100 per cent renminbi-denominated loan structure. This maximises natural hedging and further improves the cost of debt, said the manager.

Portfolio occupancy for Q3 stood at 98.5 per cent, with a weighted average lease expiry of two years as at Sep 30.

Looking ahead, the manager believes China’s economy will be “resilient amid continued market challenges”.

This comes as China’s gross domestic product grew 4.8 per cent year on year in Q3 2025, though down slightly from the previous two quarters. While retail sales rose 3 per cent on the year in September 2025, consumer spending remained soft due to concerns over the prolonged property downturn.

“Overall, consumer confidence index has improved compared with last year, reaching 89.6 in September 2025,” said the manager.

The Reit manager aims to curate immersive retail experiences for shoppers via proactive asset enhancement initiatives. This is on top of managing proactive refinancing strategies to reduce finance costs.

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Units of Sasseur Reit closed 1.5 per cent or S$0.01 lower at S$0.68 on Wednesday.