Ezotop

Thursday, November 9, 2023

Sasseur Reit - 3rd quarter results is out! Total outlets Sales increase 15.8% to 1114m, Rental income is up 6.5% to 161.5m. Dpu is down 17.7% to 1.512 cents most probably due to strong SGD distribution income is lowered!I think results is not bad!


 Sasseur Reit - 3rd quarter results is out! Total outlets Sales increase 15.8% to 1114m, Rental income is up 6.5% to 161.5m. Dpu is down 17.7% to 1.512 cents most probably due to strong SGD distribution income is lowered!I think results is not bad!







Gearing 25.4%.

Interest Coverage ratio is 4x. I think seem ok.

NAV 85 cents. 

XD 8 December.



DPU 1.512, 9 month dpu 4.834 cents.

Estimating yearly dividend of 6.3 cents.

At 67.5 cemts, Yield is more than 9%. Awesome!

I think likely to rise up to test 70 cents.

Not a call to buy or sell!

Please dyodd.


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