Beautiful set of financial numbers for 3rd quarter. Sasseur REIT Reports 3Q 2020 DPU of 1.764 cents,
16.7% higher than 2Q 2020 DPU
▪ 3Q 2020 distributable income of S$21.2 million maintained at 100%
distribution, DPU of 1.764 cents is 7.6% higher than 3Q 2019
▪ Portfolio sales rebounded strongly to nearly pre-COVID-19 levels in line with
the economic recovery of China; four outlet malls generated total sales of
RMB1.1 billion for 3Q 2020, 32.9% higher than 2Q 2020
▪ Completed early refinancing of loans due in March 2021 with no refinancing
needed until March 2023, with lower interest costs and keeping a low gearing
of 27.8%
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