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SINGAPORE – Real estate investment trust Sasseur Reit announced Monday, November 12 a distribution per share of 1.542 cents for the third quarter ended September 30.
The DPU for Reit, which was listed on the Singapore Stock Exchange's March motherboard, was 4.5% higher than the 1.476 cents forecast in its prospectus. Distributable income to unitholders of $ 18.2 million was also 4.5% higher than forecast by $ 17.4 million.
The net real estate income of Sasseur Reit, listed as rental income from the management contracts entrusted, amounted to $ 29.08 million, an increase of 0.7% compared to the $ 28.87 million forecast. .
Year-to-date, net property income was $ 58.7 million, up 2.6% from the $ 57.2 million forecast. Total sales reached 2.04 billion yuan ($ 404.8 million), an increase of approximately 7.0% from forecast and 36.7% over total sales of 1, 5 billion yuan for the same period of the previous year.
Anthony Ang, Chief Executive Officer of Sasseur Reit, said: "Sales volumes increased strongly in the third quarter, driven by higher unit selling prices and higher per-customer expenses over the last three months. autumn and winter seasons as major promotional events, such as the anniversary activities of September.The good sales performance can be attributed to the excellent work of the team of exploitation of the person in charge. "
Sasseur Reit stated that the distribution to unitholders would be paid twice a year, the amount being calculated on the basis of the half-yearly results of Reit. The first distribution for the period from the date of registration from March 28th to June 30th was paid on September 27th.
The last shares of Sasseur Reit traded at $ 0.675 on Friday.
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