Sasseur REIT has gained inclusion in the FTSE EPRA Nareit Global Emerging Index, effective 23 December, the Chinese outlet mall REIT said Friday.
UOB KayHian started coverage of Sasseur REIT at Buy with a S$0.97 target price, pointing to an attractive 2019 distribution yield of 8.2 percent.
Sasseur REIT’s manager said Thursday Sasseur Hefei has reached a settlement with ZS2 in a dispute over construction costs.
These are Singapore companies which may be in focus on Wednesday, 25 September 2019: Thai Beverage, Keppel, Sembcorp Industries and Jardine C&C.
These are Singapore companies which may be in focus on Wednesday, 4 September 2019: Cache Logistics Trust, FLT, BreadTalk and TEE International.
Sasseur REIT has transferred a 116,432 square meter undeveloped land parcel in Kunming to its sponsor, Sasseur Cayman, the REIT’s manager said Friday.
Sasseur REIT was set to continue its growth momentum in 2H19 after beating its IPO projections for a fifth straight quarter, Maybank KE said.
Sasseur REIT reported Tuesday its second quarter effective market area (EMA) rental income was 146 million yuan, beating its IPO forecast by 1.3 percent.
These are Singapore companies which may be in focus on Friday, 31 May 2019: SPH, City Developments, BreadTalk, Creative and Frasers Property.
These are Singapore companies which may be in focus on Wednesday, 15 May 2019: Singtel, City Developments, ST Engineering, SGX, CDG, Hyflux, Yanlord, Spackman and JUMBO.
Sasseur REIT reported Monday its 1Q19 EMA rental income was 153.3 million yuan, beating the forecast from its IPO prospectus by 3.2 percent.
Sasseur REIT said Wednesday it’s acquiring additional shop units at Hefei Outlets for 98.3 million yuan, or around S$19.8 million.