Sasseur REIT declares 4.6% YoY lower DPU in FY23

It also recorded a 5.8% YoY decline in its distributable income.

Sasseur REIT ended FY23 with a lower distributable income and distribution per unit (DPU).

Based on the REIT’s latest financial statement, its distributable income for the period was $83.4m, a 5.8% decline from FY22.

DPU, meanwhile, fell 4.6% YoY to $0.06249.

In a bourse filing, the REIT attributed the lower income to the stronger Singapore Dollar relative to the RMB and higher finance costs and tax expenses.

“Against the Singapore Dollar, RMB has depreciated 7.0% for the year as compared to the same period in 2022,” the REIT said.

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