Sasseur Real Estate Investment Trust (SG:CRPU)
SGX:CRPU
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Sasseur Real Estate Investment Trust
(SGX:CRPU)
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Rating:64Neutral
Price Target:
S$0.73
▲(14.53% Upside)
Action:DowngradedDate:03/04/26
The score is driven primarily by solid balance-sheet strength and profitability, tempered by a significant 2025 revenue drop and less reliable cash flow. Valuation is supportive due to the high dividend yield and moderate P/E, while technical signals are neutral-to-soft with slightly negative momentum.
Positive Factors
Reasonable leverage
Manageable debt (debt-to-equity ~0.4x) and sizeable equity provide durable financial flexibility. This reduces refinancing and covenant risk, supports distributions through vacancy cycles, and gives capacity for selective asset upkeep or acquisitions without jeopardizing balance-sheet stability.
Negative Factors
Sharp recent revenue drop
A severe revenue contraction in 2025 materially weakens the top-line base that funds distributions and capex. Even with margin resilience, such a deep decline signals demand or occupancy deterioration that can persist, pressuring cash available for debt service and future leasing investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Reasonable leverage
Manageable debt (debt-to-equity ~0.4x) and sizeable equity provide durable financial flexibility. This reduces refinancing and covenant risk, supports distributions through vacancy cycles, and gives capacity for selective asset upkeep or acquisitions without jeopardizing balance-sheet stability.
Read all positive factors
Sasseur Real Estate Investment Trust (CRPU) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$803.09M
Dividend Yield8.87%
Average Volume (3M)1.75M
Price to Earnings (P/E)13.5
Beta (1Y)0.55
Revenue Growth5.89%
EPS Growth1.81%
CountrySG
Employees13
SectorReal Estate
Sector Strength53
IndustryREIT - Retail
Share Statistics
EPS (TTM)0.02
Shares Outstanding1,264,707,000
10 Day Avg. Volume1,193,120
30 Day Avg. Volume1,747,076
Financial Highlights & Ratios
PEG Ratio1.13
Price to Book (P/B)0.85
Price to Sales (P/S)7.07
P/FCF Ratio9.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$0.88Price Target Upside37.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.06
Revenue Forecast (FY)S$123.52M
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 por...
How the Company Makes Money
Sasseur Real Estate Investment Trust generates revenue primarily through rental income from its portfolio of retail properties, particularly outlet malls. The company leases retail space to various tenants, including well-known international and d...
Sasseur Real Estate Investment Trust Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 121.47M | 120.76M | 123.73M | 126.73M | 125.93M | 134.85M |
| Gross Profit | 113.17M | 111.63M | 115.08M | 118.39M | 116.74M | 123.43M |
| EBITDA | 0.00 | 102.04M | 93.33M | 116.80M | 115.80M | 125.91M |
| Net Income | 63.20M | 63.26M | 56.06M | 62.42M | 62.10M | 122.86M |
Balance Sheet | ||||||
| Total Assets | 1.65B | 1.74B | 1.78B | 1.75B | 1.77B | 1.99B |
| Cash, Cash Equivalents and Short-Term Investments | 128.59M | 182.13M | 164.26M | 131.20M | 90.83M | 152.42M |
| Total Debt | 424.01M | 436.54M | 435.67M | 432.64M | 487.36M | 510.57M |
| Total Liabilities | 669.41M | 735.74M | 739.19M | 728.07M | 700.04M | 780.63M |
| Stockholders Equity | 984.48M | 1.01B | 1.04B | 1.02B | 1.07B | 1.21B |
Cash Flow | ||||||
| Free Cash Flow | 115.59M | 86.78M | 113.63M | 185.43M | 63.05M | 114.29M |
| Operating Cash Flow | 116.08M | 86.78M | 114.49M | 185.43M | 66.82M | 120.11M |
| Investing Cash Flow | -704.00K | -1.09M | -865.00K | -532.00K | -3.77M | -5.82M |
| Financing Cash Flow | -92.60M | -68.53M | -82.22M | -144.55M | -115.41M | -113.94M |
Sasseur Real Estate Investment Trust Technical Analysis
Neutral
0.64
Price Trends
0.65
Negative
0.65
Negative
0.64
Positive
Market Momentum
>-0.01
Positive
46.11
Neutral
28.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:CRPU, the sentiment is Neutral. The current price of 0.64 is below the 20-day moving average (MA) of 0.64, below the 50-day MA of 0.65, and above the 200-day MA of 0.64, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.11 is Neutral, neither overbought nor oversold. The STOCH value of 28.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:CRPU.
Sasseur Real Estate Investment Trust Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Neutral | S$1.79B | 7.62 | 4.02% | 8.01% | -6.64% | -12.15% | |
66 Neutral | S$1.40B | 13.53 | 4.06% | 1.83% | -8.06% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | S$803.09M | 13.50 | 6.25% | 8.87% | 5.89% | 1.81% | |
58 Neutral | S$1.13B | 44.40 | 4.45% | 4.51% | -6.67% | 581.75% | |
57 Neutral | S$1.96B | 69.70 | -2.15% | 6.03% | -11.65% | -137.98% | |
53 Neutral | S$1.14B | ― | 0.04% | 6.66% | -8.59% | -93.48% |
* Real Estate Sector Average
SG:CRPU
Sasseur Real Estate Investment Trust
0.64
0.02
3.08%
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Sasseur Real Estate Investment Trust Corporate Events
Sasseur REIT Announces Retirement of Independent Director and Board Reshuffle
Feb 13, 2026
Sasseur Real Estate Investment Trust announced that independent director Mario Boselli will retire from the board of its manager, Sasseur Asset Management, with effect from 13 February 2026. The board acknowledged Boselli’s service since the...
Sasseur REIT Secures RMB267 Million Onshore Loan to Refinance Hefei Outlet Debt
Feb 11, 2026
Sasseur Real Estate Investment Trust has secured a new onshore term loan facility of up to RMB267 million for five years via its wholly owned China subsidiary that holds the Sasseur (Hefei) Outlet. The funds will be used to refinance part of an ex...
Sasseur REIT Secures RMB639 Million Onshore Loans for Early Refinancing
Feb 10, 2026
Sasseur REIT’s onshore subsidiaries in China have entered into five-year secured facility agreements with an onshore lender, securing aggregated term loan facilities of up to RMB639 million. The REIT intends to use the proceeds to refinance ...
Sasseur REIT Rejects Xi’an Outlet Acquisition, Shifts Focus to Regional Diversification
Jan 27, 2026
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 ac...
Sasseur REIT Appoints New Chief Financial Officer
Dec 15, 2025
Sasseur Real Estate Investment Trust has announced the appointment of Ms. Jia Yali as the new Chief Financial Officer, effective January 1, 2026. With over 20 years of experience in financial management and a strong background in various financial...
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.