Sasseur REIT is a trailblazing Real Estate Investment Trust (REIT) headquartered in Singapore, distinguished for its focus on the retail outlet mall sector within China. It holds the distinction of being the first outlet mall REIT listed in Asia, marking its initial public offering on the Singapore Exchange (SGX) on March 28, 2018. The trust’s strategic investment in China’s burgeoning retail sector allows investors to gain exposure to the thriving market of discount luxury goods.
Portfolio Highlights:
Sasseur REIT’s portfolio comprises four meticulously selected retail outlet malls located in prime Chinese cities: Chongqing Liangjiang, Chongqing Bishan, Hefei, and Kunming. These properties are valued at RMB 8.5 billion, showcasing a blend of high-end international brands aimed at catering to the upscale consumer market. Each mall occupies a strategic location, ensuring accessibility and visibility, which is crucial for sustained high foot traffic and profitability.
Investment Strategy:
The REIT’s investment ethos revolves around acquiring and managing income-generating retail assets. Through asset enhancement initiatives, Sasseur REIT aims to bolster the appeal and competitiveness of its malls, thereby ensuring sustained and stable income distributions to its unit holders. It seeks to capitalize on China’s retail growth by providing consumers with a unique shopping experience — high-quality products at discounted prices.
Financial Stability and Growth:
Sasseur REIT demonstrates strong financial performance, with consistent revenue growth driven by its popular outlet malls. It prides itself on a solid dividend track record, reflecting its commitment to delivering stable returns to investors. The trust maintains a prudent debt management strategy, which is evident in its moderate gearing ratio, enhancing its financial resilience and stability.
Market Position and Future Outlook:
In the competitive landscape of retail real estate, Sasseur REIT distinguishes itself through its unique focus on outlet malls — a sector with significant growth potential in China. The trust’s strategic approach, combined with the backing of Sasseur Cayman Holding Limited, positions it well for future expansion and success. With an eye on leveraging China’s retail boom, Sasseur REIT is poised for continued growth, offering promising investment opportunities in Singapore’s REIT market.