Sasseur REIT lifts income 2.8% in FY 2025 as value slips

FY2025 distributable income rises to S$85.7m on 98.8% occupancy and strong balance sheet.

Sasseur Real Estate Investment Trust's (Sasseur REIT) fiscal year (FY 2025) distributable income increased 2.8% year-on-year (YoY) to $85.7m, whilst distribution per unit (DPU) inched up 0.9% YoY Singapore cents.

Portfolio occupancy remained high at 98.8%, with no single tenant accounting for more than 5% of gross revenue, the company said in a local bourse filing.

Retail outlets in China continued to perform steadily, with Chongqing Liangjiang achieving $460m (RMB 2.5b) in outlet sales.

The REIT maintained a strong balance sheet, with aggregate leverage at 25.1% and an interest coverage ratio of 4.7x, supported by refinancing and 100% RMB-denominated debt. Total portfolio value, however, was $1.54b (RMB 8.36b), down 0.7% from FY2024.

Management said it expects stable cash flows and distributions in 2026, supported by resilient operations and disciplined capital management.

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