Sasseur Real Estate Investment Trust (CRPU) AI Stock Analysis

• Market Cap: S$860.03M
• Dividend Yield: 8.94%
• Average Volume (3M): 663.27K
• Price to Earnings (P/E): 15.2
• Beta (1Y): 0.70
• Revenue Growth: -3.56%
• EPS Growth: -10.89%
• Country: SG
• Employees: 13
• Sector: Real Estate
• Sector Strength: 60
• Industry: REIT - Retail
• EPS (TTM): N/A
• Shares Outstanding: 1,255,515,600
• 10 Day Avg. Volume: 743,950
• 30 Day Avg. Volume: 663,266
• PEG Ratio: -0.30
• Price to Book (P/B): 0.87
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 14.65
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: S$0.85
• Price Target Upside: 25.00% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 74 Outperform
• Price Target: S$0.50 ▼(-26.47%Downside)

The stock's overall score is bolstered by strong financial stability and attractive valuation metrics. However, operational challenges and neutral technical indicators slightly weigh down the score.

Sasseur Real Estate Investment Trust Business Overview & Revenue Model

Company Description

Sasseur Real Estate Investment Trust invests in a portfolio of real estate and related assets. The company operates through four segments: Chongqing Liangjiang Outlets, Chongqing Bishan Outlets, Hefei Outlets, and Kunming Outlets. Its property portfolio comprises four retail outlet malls covering a gross floor area of 377,737 square meters located in the People's Republic of China. The company is based in Singapore. Sasseur Real Estate Investment Trust is a subsidiary of Sasseur Cayman Holding II.

How the Company Makes Money

Sasseur Real Estate Investment Trust generates revenue primarily through rental income from its portfolio of retail outlet malls in China. The company leases retail spaces to a variety of tenants, including well-known international and domestic brands, which pay rent based on fixed rental agreements and turnover rental agreements that are tied to the tenants' sales performance. This hybrid rental model allows Sasseur REIT to capture upside potential from tenant sales growth. Additionally, the company benefits from property management fees and other ancillary income streams associated with its properties. Strategic partnerships and collaborations with leading retail brands and operators further enhance the value of Sasseur REIT's assets, contributing to its overall earnings.

Sasseur Real Estate Investment Trust Financial Statement Overview

Summary

Sasseur Real Estate Investment Trust demonstrates solid profitability and financial stability with strong margins and a healthy equity ratio. However, recent revenue decline and reduced operating cash flow efficiency suggest operational challenges that may need addressing to maintain financial performance.

Income Statement

The income statement shows a stable gross profit margin around 93% and a net profit margin of approximately 45%. However, there has been a slight decline in revenue from 2023 to 2024. EBIT margin has been strong historically, but is missing for 2024, indicating potential operational challenges.

Balance Sheet

The balance sheet reflects a solid equity base with an equity ratio of 58% for 2024, indicating financial stability. The debt-to-equity ratio is manageable at approximately 0.42. However, a decrease in stockholders' equity over the years suggests potential risks.

Cash Flow

Operating cash flow remains strong, but there is a notable decrease from 2023 to 2024. Free cash flow was stable in 2024, yet the operating cash flow to net income ratio has reduced compared to previous years, indicating less efficient cash conversion.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	125.16M	123.73M	126.73M	125.93M	134.85M	125.25M
Gross Profit	116.95M	115.08M	118.39M	116.74M	123.43M	117.01M
EBITDA	0.00	93.33M	116.80M	115.80M	181.60M	118.45M
Net Income	61.59M	56.06M	62.42M	62.10M	122.86M	47.02M
Balance Sheet
Total Assets	1.76B	1.78B	1.75B	1.77B	1.99B	1.86B
Cash, Cash Equivalents and Short-Term Investments	112.81M	164.26M	131.20M	90.83M	152.42M	146.55M
Total Debt	438.03M	435.67M	432.64M	487.36M	510.57M	504.25M
Total Liabilities	694.95M	739.19M	728.07M	700.04M	780.63M	752.79M
Stockholders Equity	1.07B	1.04B	1.02B	1.07B	1.21B	1.11B
Cash Flow
Free Cash Flow	108.06M	113.63M	185.43M	63.05M	114.29M	88.40M
Operating Cash Flow	108.06M	114.49M	185.43M	66.82M	120.11M	93.09M
Investing Cash Flow	-554.00K	-865.00K	-532.00K	-3.77M	-5.82M	-4.69M
Financing Cash Flow	-81.16M	-82.22M	-144.55M	-115.41M	-113.94M	-93.27M

Sasseur Real Estate Investment Trust Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.68
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:CRPU, the sentiment is Positive. The current price of 0.68 is above the 20-day moving average (MA) of 0.66, above the 50-day MA of 0.64, and above the 200-day MA of 0.65, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 62.31 is Neutral, neither overbought nor oversold. The STOCH value of 79.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:CRPU.

Sasseur Real Estate Investment Trust Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CRPU	74 Outperform	S$860.03M	15.22	5.45%	8.94%	-3.56%	-10.89%
Sector *	63 Neutral	$6.86B	17.00	-2.14%	7.13%	4.56%	-27.45%
ADN	―	S$1.19B	12.22	4.89%	4.43%	―	―
AU8U	57 Neutral	S$1.36B	1,300.00	0.04%	7.29%	-8.59%	-93.48%
H13	―	S$1.41B	12.91	3.01%	1.88%	―	―
JYEU	64 Neutral	S$1.36B	23.03	3.16%	6.37%	-8.34%	-22.51%
TS0U	60 Neutral	S$1.71B	8.06	-2.15%	7.15%	-11.65%	-137.98%

Sasseur Real Estate Investment Trust Corporate Events

Sasseur REIT Announces Change in Legal Representation for Chinese Subsidiary

Sasseur Real Estate Investment Trust has announced a change in the legal representative for its wholly-owned subsidiary in China, Hefei Sasseur Commercial Management Co., Ltd. The change from Ms. Tan Hong Lye, Cecilia to Mr. Cheng Hsing Yuen is effective from July 4, 2025, and has been registered with the relevant Chinese authorities. This change is part of the company’s ongoing operational adjustments and may impact its management dynamics in the Chinese market.

The most recent analyst rating on (SG:CRPU) stock is a Buy with a S$0.85 price target. To see the full list of analyst forecasts on Sasseur Real Estate Investment Trust stock, see the SG:CRPU Stock Forecast page.

Sasseur REIT Announces Change in Legal Representation for Chinese Subsidiary

Sasseur Real Estate Investment Trust has announced a change in the legal representative of its wholly-owned subsidiary in China, Sasseur (Hefei) Investment Consultancy Co., Ltd. The new legal representative is Mr. Cheng Hsing Yuen, replacing Ms. Tan Hong Lye, Cecilia, effective from July 2, 2025. This change has been formally registered with the relevant authorities in China. The announcement may impact the company’s operations in China, potentially influencing its strategic positioning and stakeholder relations.

The most recent analyst rating on (SG:CRPU) stock is a Buy with a S$0.85 price target. To see the full list of analyst forecasts on Sasseur Real Estate Investment Trust stock, see the SG:CRPU Stock Forecast page.

Sasseur REIT Announces Change in Legal Representation for Chinese Subsidiary

Sasseur REIT has announced a change in the legal representative for its wholly-owned subsidiary, Sasseur (Chongqing) Business Co., Ltd., in China. The legal representative has been changed from Ms. Tan Hong Lye, Cecilia to Mr. Cheng Hsing Yuen, effective June 19, 2025. This change has been formally registered with the relevant Chinese authorities, indicating a strategic management update within the company.

The most recent analyst rating on (SG:CRPU) stock is a Buy with a S$0.85 price target. To see the full list of analyst forecasts on Sasseur Real Estate Investment Trust stock, see the SG:CRPU Stock Forecast page.

Sasseur REIT Announces Change in Legal Representation for Chinese Subsidiary

Sasseur REIT announced a change in the legal representative for its wholly-owned subsidiary in China, Sasseur (Kunming) Investment Consultancy Co., Ltd. The new legal representative is Mr. Cheng Hsing Yuen, replacing Ms. Tan Hong Lye, Cecilia, effective from June 18, 2025. This change is part of the company’s ongoing operational adjustments and may impact its strategic positioning in the Chinese market. The announcement also reminds investors of the inherent risks associated with investing in Sasseur REIT units, emphasizing that the value of units can fluctuate and are not guaranteed by the manager or any affiliates.

The most recent analyst rating on (SG:CRPU) stock is a Buy with a S$0.85 price target. To see the full list of analyst forecasts on Sasseur Real Estate Investment Trust stock, see the SG:CRPU Stock Forecast page.

Sasseur REIT Announces Change in Legal Representation for Chinese Subsidiary

Sasseur REIT has announced a change in the legal representative for its wholly-owned subsidiary, Kunming Sasseur Commercial Management Co., Ltd., in China. The new legal representative is Mr. Cheng Hsing Yuen, effective from June 17, 2025. This change has been formalized with the relevant authorities in China, potentially impacting the company’s operations and management structure in the region.

The most recent analyst rating on (SG:CRPU) stock is a Buy with a S$0.85 price target. To see the full list of analyst forecasts on Sasseur Real Estate Investment Trust stock, see the SG:CRPU Stock Forecast page.

Sasseur REIT Announces Change in Legal Representation for Chinese Subsidiary

Sasseur Real Estate Investment Trust has announced a change in the legal representative for its wholly-owned subsidiary, Chongqing Sasseur Suge Apparel Joint Stock Co., Ltd., in China. The new legal representative is Mr. Cheng Hsing Yuen, effective from June 3, 2025. This change has been officially registered with the relevant authorities, potentially impacting the company’s operations and governance in the Chinese market.

The most recent analyst rating on (SG:CRPU) stock is a Buy with a S$0.85 price target. To see the full list of analyst forecasts on Sasseur Real Estate Investment Trust stock, see the SG:CRPU Stock Forecast page.

Sasseur REIT Appoints New Chief Operating Officer

Sasseur Real Estate Investment Trust has appointed Mr. Cheng Hsing Yuen as the new Chief Operating Officer effective June 3, 2025. Mr. Cheng, who previously served as the Head of Asset Management, will continue overseeing asset management while taking on additional responsibilities as COO. This strategic appointment aims to strengthen the operational leadership of Sasseur REIT, potentially impacting its market positioning and operational efficiency.

The most recent analyst rating on (SG:CRPU) stock is a Buy with a S$0.85 price target. To see the full list of analyst forecasts on Sasseur Real Estate Investment Trust stock, see the SG:CRPU Stock Forecast page.

Sasseur REIT Secures Maiden Green Loan to Refinance Existing Debt

Sasseur REIT has entered into a secured green facility agreement with OCBC Bank Limited Chongqing Branch for up to RMB 308 million, marking its first green loan. The proceeds will refinance an existing loan due in 2030 at a more competitive cost. The agreement includes conditions related to the shareholding interests of the controlling shareholder and changes in management, with potential financial implications if breached.

The most recent analyst rating on (SG:CRPU) stock is a Buy with a S$0.93 price target. To see the full list of analyst forecasts on Sasseur Real Estate Investment Trust stock, see the SG:CRPU Stock Forecast page.

Sasseur REIT Announces CEO Departure and Transition Plans

Sasseur Real Estate Investment Trust announced the departure of its CEO, Ms. Cecilia Tan, effective October 28, 2025, as she pursues other professional interests. The Board is actively seeking a replacement and assures stakeholders that the management team will continue to oversee operations during the transition, maintaining stability within the trust.