Sasseur Reit

$Sasseur Reit(CRPU.SG)Added on Confirmation, Not on a Dip

Context: I don't add to a position because the story sounds good, I go back through the numbers first. Gearing's still comfortably inside where I'm willing to hold leverage, coverage clears with real room to spare, and the cost of debt has been trending down, not up, on refinancing. That's the kind of confirmation I actually wait for before sizing up.

My take: this wasn't buy the dip, it was the gates are still clean so I'm comfortable adding. Averaging in on confirmation rather than hope is the discipline I'm trying to hold myself to, regardless of where the price sits on a given day.

Not financial advice, just my own process. 

Cheers, Iggy 🦖

$Sasseur Reit(CRPU.SG)

🦎 IGGY TRADE JOURNAL, 3 SEP 2026

Not a brief today, Iguanas. A journal entry. I put fresh capital to work this week and want to walk through it the way I walk through everything else.

WHY I MOVED

Cash had been sitting since my last REIT exit. Before deploying it I ran the same checklist I run on every income name: yield against my minimum hurdle, gearing, interest coverage, occupancy. Two names cleared the bar well enough to act on.

👁 CRPU Sasseur REIT

My read on this name has shifted. Yield clears my minimum hurdle with real room to spare. Gearing is among the lowest I track on the whole exchange. Interest coverage is comfortably above the floor I look for.

Occupancy is holding well above my threshold. The watch item has not gone away though, this is a single market bet, all four malls sit in mainland China, and the income comes back to me in renminbi before conversion. Cost of debt was just refinanced down to a record low, and lease renewal talks with the landlord group are already underway, so the near term renewal risk is being actively managed rather than sitting unresolved. Sized this smaller than a full position given the new country exposure.

👁 AJBU Keppel DC REIT

My read here has shifted too. Gearing now sits within the range I look for. Interest coverage is comfortably above my floor, the strongest of anything I checked this round. The one metric outside my range is occupancy, one facility came off contract and dragged the portfolio figure down. Strip that one facility out and occupancy is back above my threshold. Management says it is being actively re-leased, no confirmed timeline yet. Sized this smaller than Sasseur given that open item.

IGGY'S TAKE

Two different risk profiles, same discipline underneath. I do not buy a yield number on its own. I check what is holding it up before I commit capital, and I write down what would change my mind before I am three

weeks in and rationalising.

Not financial advice.

$Sasseur Reit(CRPU.SG)continued to trade with resilience, closing unchanged at $0.680 despite opening at $0.675 and briefly dipping to $0.670 during the session. The ability to recover from early weakness and maintain its position near a 52 week high suggests that buying interest remains intact

With sentiment towards REITs supported by expectations of a more accommodative interest rate environment and CRPU offering an attractive yield of nearly 9%, the counter appears to be consolidating recent gains. Holding firmly above the $0.675 support zone could provide a foundation for further upside as investors continue accumulating income-generating assets

$Sasseur Reit(CRPU.SG)CRPU extended its recovery today, opening lower before steadily climbing throughout the session and finishing at its intraday high. The counter rebounded from a key support zone, registered a fresh 52-week high, and formed a higher intraday low, signalling improving sentiment. Trading activity also increased, reflecting renewed buying interest and continued demand.

Market behaviour suggests accumulation is strengthening as investors continue to favour high-yield counters amid expectations of a more accommodative interest rate environment. The strong close at the day’s high indicates buyers remained in control and confidence in the counter remains intact.

Overall, today’s price action reinforces the improving bullish structure. A sustained hold above the recent breakout level could support a further advance towards the next resistance zone, while the recent support area remains a key level to watch in the near term

$Sasseur Reit(CRPU.SG)- Rebound/Stabilisation Momentum

CRPU continues to consolidate near current levels as investors assess the latest Fed interest rate outlook. The REIT’s attractive dividend yield above 9% remains a key support factor while expectations of a more accommodative rate environment could improve sentiment towards yield focused assets. If buying interest strengthens, CRPU may gradually build momentum for a recovery in the coming sessions

Watching for signs of a sustained rebound as the interest rate environment becomes more supportive

$Sasseur Reit(CRPU.SG)CRPU pulled back slightly to close at $0.665, retreating after repeated attempts to hold the $0.67–$0.675 intraday zone. The move appears to reflect mild profit-taking rather than any meaningful shift in sentiment with price action continuing to trade within a relatively tight consolidation range. Overall the broader trend remains largely sideways with the market still awaiting a decisive breakout to establish a clearer directional bias.

📊 Dividend yield (~9%+) continues to provide downside cushion

A sustained reclaim of $0.670 would be needed to restore short-term recovery momentum, while failure to hold $0.665 may open a retest of lower support levels

【Week 6 – Selective Recovery Amid Mixed Momentum】

Portfolio remains in a stabilization phase this week with gains from growth and cyclical positions helping offset continued weakness in Singtel.While overall performance remains mixed,selective recovery signals are becoming more visible across several holdings

SG/US (Equities/ REITs/Growth/Telco)

$Singtel(Z74.SG)Persistent Weakness Despite Defensive Fundamentals.Strong cash flow,dividend support remain intact but sentiment continues to soften after the recent pullback

📊S:4.3~4.4,R:4.6~4.7

$Keppel(BN4.SG)Holding Gains Above Support

Keppel continues to outperform the broader portfolio, supported by infra,asset mgt & energy transition themes

📊S:10.5~10.7,R:11.0~11.3

$Daiwa Hse Log Tr(DHLU.SG)Stabilizing After Extended Weakness-Price action has improved slightly with buyers defending support levels

📊S:0.49~0.50,R:0.51~0.52

$Genting Sing(G13.SG)Gradual Recovery Taking Shape

Momentum has improved modestly as tourism and gaming activity remain supportive for longer term growth

📊S:0.59~0.60,R:0.62~0.64

$Sasseur Reit(CRPU.SG)Defensive Strength Continues - Stable supported by resilient distributions and steady operating performance

📊S: 0.66~0.67,R:0.69~0.70

$SoFi Tech(SOFI.US)Strong Recovery Momentum with growth sentiment supported by member growth, lending expansion & improving market confidence

📊 S:17.0~17.5,R:19.0~20.0

$Grab(GRAB.US)Maintaining Uptrend Structure continues to be a strong performer from the entry price supported by improving profitability & regional growth prospects

📊S:4.5~4.7,R:5.0~5.2

💡Mildly bullish as recovery momentum continues to build across key holdings

📉Market conditions continue to improve gradually with growth & cyclical names showing stronger momentum while defensive sectors remain stable

Recovery remains selective but buying interest is becoming more evident across several position

Thank you Longbridge for organizing this Challenge and providing a platform for investors to learn,share and grow together!

$Sasseur Reit(CRPU.SG)CRPU continues to trade with defensive strength around the $0.67 region, reflecting improving stability after recent pullback pressure. Intraday movement remained relatively tight between $0.670 and $0.675, suggesting market sentiment is gradually balancing as sellers lose momentum.

📈 Market Structure:

• Sideways → mild recovery bias

• Support holding near $0.67

• Low volatility consolidation phase

• Yield play remains attractive above 9%

📊

Support: $0.67 ~ $0.665

Resistance: $0.675 ~ $0.70

If CRPU manages to sustain above the current support zone, gradual upside recovery may continue in the near term. A stronger breakout above $0.675 could improve sentiment further, while failure to hold support may trigger another test of lower levels

【Week 5 – Defensive Rotation,Selective Recovery】

Portfolio remains mixed this week with defensive and infrastructure positions showing better resilience while telco and REIT exposure continue facing weaker momentum. Selective recovery is emerging across certain holdings but overall market structure still lacks strong bullish confirmation

$Singtel(Z74.SG) Weak Trend but Attempting Stabilization-Defensive fundamentals remain supported by strong cash flow and dividends though sentiment continues weakening after recent pullback

📊 S4.5~4.6,R4.7~4.8

$Keppel(BN4.SG) Showing Relative Strength-Stronger performers in the portfolio this week,supported by infra, asset mgt and energy transition exposure. Momentum is improving after recent consolidation

📊 S10.7~10.9,R11.3~11.5

$Daiwa Hse Log Tr(DHLU.SG) Sideways with Downside Pressure Easing-Higher rate environment still limits upside momentum despite defensive logistics exposure

📊 S0.48~0.49,R0.50~0.51

$Sasseur Reit(CRPU.SG) Holding Stable with Defensive Support-Continues showing relative resilience within the REIT segment

📊 S0.66~0.67,R0.69~0.70

$Genting Sing(G13.SG) Consolidating After Pullback-Rangebound-Tourism recovery and gaming activity remain key long term catalysts

📊 S0.58~0.59,R0.62~0.63

$SoFi Tech(SOFI.US)High Volatility but Stabilizing - Growth narrative remains intact though price action continues reacting strongly to interest rate expectations and market sentiment

📊 S14.5~15.0,R16.5~17.0

$Grab(GRAB.US)Strong Recovery from Low Base - Market continues watching profitability progress and regional growth execution

📊 S3.8~4.0,R4.4~4.6

📊 Market remains in a stabilization phase with defensive & infrastructure names outperforming weaker momentum sectors

💡Maintaining a patient and selective approach while focusing on capital preservation

Monitoring stronger performing positions while waiting for clearer trend confirmation before increasing exposure aggressively

📉Portfolio remains stable overall despite mixed momentum across sectors

$Sasseur Reit(CRPU.SG)CRPU continues to show relative strength among SG REITs, supported by stable yield fundamentals and improving price structure heading into earnings

Fundamentals:

- Dividend Yield: ~9.1% remains highly attractive

- P/B: 0.84 → still trading below book value

- Stable outlet mall portfolio continues generating resilient cash flow

- Lower interest rate expectations remain supportive for REIT valuations

- Market focus now shifts to the Q1 FY2026 earnings release on May 14

Despite lighter trading volume, price resilience near highs suggests buyers are still supporting the uptrend.

Bullish consolidation, high yield, breakout watch 🚀