Sasseur Real Estate Investment Trust (CRPU) AI Stock Analysis

• Market Cap: S$797.25M
• Dividend Yield: 9.22%
• Average Volume (3M): 503.80K
• Price to Earnings (P/E): 14.1
• Beta (1Y): 0.65
• Revenue Growth: -3.56%
• EPS Growth: -10.89%
• Country: SG
• Employees: 13
• Sector: Real Estate
• Sector Strength: 69
• Industry: REIT - Retail
• EPS (TTM): N/A
• Shares Outstanding: 1,255,515,600
• 10 Day Avg. Volume: 626,180
• 30 Day Avg. Volume: 503,796
• 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: 32.81% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 73 Outperform
• Price Target: S$0.50 ▼(-21.88%Downside)

The stock is supported by a strong valuation with a high dividend yield and moderate P/E ratio, which is attractive for income-focused investors. Financial stability is evident through solid margins and a healthy equity ratio, though recent revenue and cash flow declines pose challenges. Technical indicators suggest stable but not strong momentum.

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 REIT makes money primarily through rental income from its portfolio of outlet malls in China. The company leases retail space to various tenants, including well-known international and local brands, who operate outlet stores that offer discounted products. These rental agreements are typically long-term, providing Sasseur REIT with a steady stream of income. Additionally, the company may earn revenue from car park operations and other ancillary services associated with the outlet malls. The trust's performance is further supported by its asset management strategies, which focus on enhancing the value and appeal of its properties to attract both tenants and shoppers. Sasseur REIT may also benefit from strategic partnerships with retail brands and operators, which can drive foot traffic and sales, thereby increasing the attractiveness and profitability of its properties.

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
	EBIT
115.31M	114.23M	116.80M	99.67M	181.42M	84.59M
	EBITDA
0.00	93.33M	116.80M	115.80M	181.60M	118.45M
	Net Income Common Stockholders
61.59M	56.06M	62.42M	62.10M	122.86M	47.02M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
112.81M	164.26M	131.20M	90.83M	152.42M	146.55M
	Total Assets
1.76B	1.78B	1.75B	1.77B	1.99B	1.86B
	Total Debt
438.03M	435.67M	432.64M	487.36M	510.57M	504.25M
	Net Debt
325.44M	271.41M	301.44M	396.52M	358.15M	357.70M
	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: 0.64
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 0.64 is above the 20-day moving average (MA) of 0.63, above the 50-day MA of 0.63, and below the 200-day MA of 0.65, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.71 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, 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	73 Outperform	S$797.25M	14.11	5.45%	9.22%	-3.56%	-10.89%
Sector *	61 Neutral	$2.83B	10.72	0.40%	6.10%	5.80%	-21.26%
ADN		S$1.16B	12.84	4.50%	4.51%	―	―
AU8U	63 Neutral	S$1.19B	79.35	-0.91%	7.71%	-7.66%	-145.74%
H13		S$1.33B	12.18	3.01%	1.99%	―	―
JYEU	67 Neutral	S$1.21B	20.54	3.16%	7.25%	-8.34%	-22.51%
TS0U	55 Neutral	S$1.57B	8.06	-1.97%	7.93%	-1.51%	-135.46%

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, 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.

Sasseur REIT to Release Q1 2025 Business Updates

Sasseur Real Estate Investment Trust announced that it will release its business and operational updates for the first quarter ended March 31, 2025, on May 15, 2025, before trading hours. This announcement is crucial for stakeholders as it provides insights into the company’s performance and potential market movements, impacting investor decisions and market perceptions.

Sasseur REIT Issues Units for Management Fee Payment

Sasseur Real Estate Investment Trust announced the issuance of 4,744,372 units as payment for the management fee for the second half of 2024. This decision reflects the company’s strategy to manage its financial obligations through unit issuance, impacting its unit holdings and potentially influencing market perceptions and stakeholder interests.