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An announcement from Sasseur Real Estate Investment Trust ( (SG:CRPU) ) is now available.
Sasseur REIT has declined an offer from its sponsor, Sasseur Cayman Holding Limited, to acquire the Sasseur (Xi’an) Outlets in China under an existing right of first refusal arrangement. The manager and trustee concluded that the proposed acquisition terms would not be accretive to distribution per unit and would materially dilute both DPU and net asset value per unit, running counter to the REIT’s objectives of sustaining long-term growth while maintaining a prudent capital structure. Instead, the manager intends to defer ROFR acquisitions in China for now and will focus on pursuing high-quality, DPU-accretive assets in South-East Asia and other selected markets, a strategic shift aimed at strengthening portfolio resilience, diversifying income sources, and delivering greater long-term value to unitholders.
The most recent analyst rating on (SG:CRPU) stock is a Buy with a S$0.90 price target. To see the full list of analyst forecasts on Sasseur Real Estate Investment Trust stock, see the SG:CRPU Stock Forecast page.
More about Sasseur Real Estate Investment Trust
Sasseur Real Estate Investment Trust is a Singapore-listed real estate investment trust focused on retail outlet malls, with a portfolio concentrated in the People’s Republic of China. Managed by Sasseur Asset Management Pte. Ltd., the REIT targets high-quality, income-generating commercial properties and is seeking to diversify into key growth markets, including South-East Asia and other compatible regions, to enhance long-term returns for unitholders.
Average Trading Volume: 1,000,069
Technical Sentiment Signal: Buy
Current Market Cap: S$863.2M
For a thorough assessment of CRPU stock, go to TipRanks’ Stock Analysis page.