<div><div><p>[SINGAPORE] The manager of Sasseur Real Estate Investment Trust (Reit) on Thursday (Aug 14) said that its distribution per unit (DPU) for the second quarter of FY2025 fell 3.1 per cent to S$0.03055, from S$0.03153 in the same period a year prior.</p><p>Rental income under the Reit’s entrusted management agreement (EMA) model stood at 336.2 million yuan (S$60 million) in H1 2025, up 2.2 per cent year on year from 329 million yuan, underpinned by a solid rebound in second-quarter sales. The fixed component increased 3 per cent year on year, while the variable component rose marginally by 0.3 per cent, supported by 0.8 per cent year-on-year growth in portfolio outlet sales. </p><p>In Singapore dollar terms, EMA rental income declined 1.6 per cent year on year to S$61.3 million from S$62.3 million, primarily due to the 3.7 per cent year-on-year depreciation of the Chinese yuan.</p><div><div><div><div id="dfp-ad-imu1"></div></div></div></div><p>Distributable income stood at S$42.4 million for the period, down 0.6 per cent from S$42.7 million in H1 2024. </p><p>The distribution will be paid on Sep 26.</p><p>The Reit’s portfolio occupancy in Q2 stood at 98.5 per cent. Its Chongqing Liangjiang outlet remained fully occupied, while its Kunming outlet recorded a 99.9 per cent occupancy level following asset enhancement works completed in 2024. </p><div><div><div><div id="dfp-ad-midarticlespecial"></div></div></div></div><p>Vito Xu, chairman of Sasseur Asset Management, the manager of Sasseur Reit, said that he remains “cautiously optimistic” about the second half of 2025, even though China’s gross domestic product expanded 5.3 per cent year on year in H1 2025, closely tracking the government’s full-year growth target of around 5 per cent. </p><p>“While macroeconomic uncertainties remain, China’s stable growth and policy support provide a favourable backdrop (for the Reit),” he added. </p><p>Units of Sasseur Reit ended Wednesday 0.7 per cent or S$0.005 higher at S$0.695. </p></div><div>Sasseur ReitCorporate earningsFinancial resultsReitsChina</div><div><section><section><p>Share with us your feedback on BT's products and services</p><div>Feedback</div></section></section></div><div><div><div><div id="dfp-ad-imu2"></div></div></div></div></div>

砂之船房地產

<p>砂之船房地產投資信託（Reit）報告稱，其第二季度每單位分配（DPU）下降 3.1%，至 0.03055 新元，低於去年同期的 0.03153 新元。2025 年上半年的租金收入增長 2.2%，達到 3.362 億人民幣（6000 萬新元），得益於銷售的反彈。可分配收入略微下降至 4240 萬新元。該 Reit 維持了 98.5% 的高入住率。董事長徐維濤在宏觀經濟不確定性中對 2025 年下半年表示謹慎樂觀，儘管中國 2025 年上半年的 GDP 增長為 5.3%。砂之船 Reit 的單位價格上漲 0.7%，至 0.695 新元</p>

砂之船房地產公佈第二季度每單位分派為 0.03055 新加坡元，較之前下降 3.1%