tiprankstipranks
Trending News
More News >
Sasseur Real Estate Investment Trust (SG:CRPU)
SGX:CRPU
Singapore Market
Advertisement

Sasseur Real Estate Investment Trust (CRPU) AI Stock Analysis

Compare
35 Followers

Top Page

SG:CRPU

Sasseur Real Estate Investment Trust

(SGX:CRPU)

Rating:74Outperform
Price Target:
S$0.50
▼(-27.54% 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.
Positive Factors
Inorganic Growth Strategy
The company plans to focus on inorganic growth given its low gearing of 25.8%.
Unitholder Value
The CEO-Designate emphasized the commitment to deliver long-term unitholder value through stable and growing distributions.
VIP Membership Expansion
VIP membership continued to expand 3.5% qoq in 1Q25, to 4.31m.
Negative Factors
Sponsor Loan Refinancing
Management indicated that it had secured a 10-year green loan to refinance its Rmb308 sponsor loan in 1Q25.
Tenant Sales
Portfolio occupancy was stable at 98.9% as at end-1Q25 although tenant sales dipped 0.9% yoy during the quarter.

Sasseur Real Estate Investment Trust (CRPU) vs. iShares MSCI Singapore ETF (EWS)

Sasseur Real Estate Investment Trust Business Overview & Revenue Model

Company DescriptionSasseur Real Estate Investment Trust (CRPU) is a Singapore-based real estate investment trust that focuses on investing in a diversified portfolio of retail outlet malls primarily in China. The company aims to provide investors with long-term, stable distributions and potential capital growth through its strategic investments in high-quality retail assets. Sasseur REIT is managed by Sasseur Asset Management Pte. Ltd., which leverages its expertise in the outlet mall sector to optimize the performance of the REIT's properties.
How the Company Makes MoneySasseur 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
75
Positive
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
80
Positive
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
70
Positive
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.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue125.16M123.73M126.73M125.93M134.85M125.25M
Gross Profit116.95M115.08M118.39M116.74M123.43M117.01M
EBITDA0.0093.33M116.80M115.80M181.60M118.45M
Net Income61.59M56.06M62.42M62.10M122.86M47.02M
Balance Sheet
Total Assets1.76B1.78B1.75B1.77B1.99B1.86B
Cash, Cash Equivalents and Short-Term Investments112.81M164.26M131.20M90.83M152.42M146.55M
Total Debt438.03M435.67M432.64M487.36M510.57M504.25M
Total Liabilities694.95M739.19M728.07M700.04M780.63M752.79M
Stockholders Equity1.07B1.04B1.02B1.07B1.21B1.11B
Cash Flow
Free Cash Flow108.06M113.63M185.43M63.05M114.29M88.40M
Operating Cash Flow108.06M114.49M185.43M66.82M120.11M93.09M
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 Price0.69
Price Trends
50DMA
0.66
Positive
100DMA
0.65
Positive
200DMA
0.65
Positive
Market Momentum
MACD
<0.01
Positive
RSI
56.84
Neutral
STOCH
55.56
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 0.69 is above the 20-day moving average (MA) of 0.69, above the 50-day MA of 0.66, and above the 200-day MA of 0.65, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 56.84 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 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

Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
S$866.31M13.666.17%8.81%5.89%1.81%
73
Outperform
S$1.39B26.272.88%6.20%-5.90%-12.15%
64
Neutral
£938.42M14.424.66%5.94%14.91%65.30%
60
Neutral
S$1.79B8.06-2.15%6.59%-11.65%-137.98%
57
Neutral
S$1.26B1,208.330.04%7.08%-8.59%-93.48%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SG:CRPU
Sasseur Real Estate Investment Trust
0.69
0.06
9.52%
SG:AU8U
CapitaLand China Trust
0.73
0.10
15.87%
SG:JYEU
Lendlease Global Commercial REIT
0.58
0.05
9.43%
SG:TS0U
OUE Commercial Real Estate Investment Trust
0.32
0.06
23.08%

Sasseur Real Estate Investment Trust Corporate Events

Sasseur REIT Appoints New CEO to Drive Growth
Aug 14, 2025

Sasseur Real Estate Investment Trust has announced the appointment of Mr. Cheng Hsing Yuen as the new Chief Executive Officer, effective October 29, 2025. Mr. Cheng, who has extensive experience in asset and property management, is expected to drive the continued growth and long-term success of the company with his strategic leadership and deep understanding of REIT operations.

Sasseur REIT Announces Change in Legal Representation for Chinese Subsidiary
Jul 8, 2025

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.

Sasseur REIT Announces Change in Legal Representation for Chinese Subsidiary
Jul 4, 2025

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.

Sasseur REIT Announces Change in Legal Representation for Chinese Subsidiary
Jun 20, 2025

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.

Sasseur REIT Announces Change in Legal Representation for Chinese Subsidiary
Jun 19, 2025

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.

Sasseur REIT Announces Change in Legal Representation for Chinese Subsidiary
Jun 18, 2025

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.

Sasseur REIT Announces Change in Legal Representation for Chinese Subsidiary
Jun 11, 2025

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.

Sasseur REIT Appoints New Chief Operating Officer
Jun 3, 2025

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jun 25, 2025