Sasseur REIT’s 1H FY24 Consequence Assessment
Elementary Profile & Key Statistics
Efficiency Spotlight
EMA condominium source of revenue in each RMB and SGD remained solid YoY. Alternatively, distributable source of revenue and DPU declined YoY because of a mixture of decrease control charges paid in gadgets, decreased foreign exchange positive aspects, upper finance bills (from adjustments in borrowing price remedy), and greater retention.
Gross sales
Portfolio gross sales dropped by way of 3.9% YoY.
Asset Enhancement Tasks
AEI for the Kunming outlet started in April and is predicted to complete this month.
Comparable Events Shareholding
The REIT sponsor, REIT supervisor, and administrators of the REIT supervisor grasp a moderately top percentage of shareholding.
Source of revenue is solely in RMB. WALE and weighted reasonable land rent expiry are each brief, with concentrated rent expiries.
Debt Profile
The debt profile is blended: low gearing, top pastime protection, and a top fixed-rate debt percentage are positives, however top debt prices, adulthood focus in 2026, and coffee unsecured debt percentage are much less favorable.
Diversification Profile
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