< NEWS
Singapore, 3 November 2023 – Sasseur Asset Management Pte. Ltd. (“SAMPL” or “REIT Manager”), the manager of Sasseur Real Estate Investment Trust (“Sasseur REIT”), is pleased to announce that Sasseur REIT has won two awards at The Edge Singapore Centurion Club Awards 2023 Gala Dinner held on 2 November 2023 at Shangri-La Singapore.
Sasseur REIT was named the Overall Sector Winner in the REITs Sector and recognised for being the REIT with the Highest Weighted Return on Equity (“ROE”) Over Three Years.
The Edge Singapore Centurion Club Awards 2023 which is held in conjunction with the Singapore Exchange (“SGX”), recognises excellence in SGX-listed companies with a market capitalisation of between S$100 million and S$999 million as at 31 March 2023.
The scoring framework for the “Overall Sector Winner” 2023 Award takes into account each qualifier company’s:
(25% weightage of overall score)
Ms Cecilia Tan, CEO of SAMPL, said: “We are extremely pleased and honoured that Sasseur REIT has won these two prestigious awards, coming out tops amongst 19 contending REITs and Business Trusts. Sasseur REIT has demonstrated operational and financial resilience throughout the past three years from 2020 to 2022, despite COVID-related volatilities in China and macroeconomic challenges. 2022 was particularly a very challenging year, mainly due to the adverse impact of widespread pandemic outbreaks in China which led to mandated temporary closures and shortened operating hours at Sasseur REIT’s four outlets.
As at end-July 2023, for unitholders who have invested in Sasseur REIT since its public listing on 28 March 2018, we have delivered a total return of approximately 36.1%, outperforming that of the FTSE ST REIT Index (17.6%) and FTSE Straits Times Index (21.5%) for the same period.
These Awards are a testament to the defensiveness and counter-cyclicality of Sasseur REIT’s underlying outlet business which has stayed strong throughout all market conditions. In times like economic uncertainties, shoppers will prioritise value-for-money in their purchase decisions and this is where the outlet business thrives.
As part of our strategy to create value for Sasseur REIT’s unitholders, we have also been prudent in capital and risk management by managing debt levels effectively and utilising appropriate hedging strategies against the backdrop of interest rate and foreign exchange volatilities. The REIT has been maintaining one of the lowest aggregate leverage ratios (26.2% as at 30 June 2023) amongst S-REITs since 2020.
The Awards reaffirm our dedication and unwavering commitment to delivering long-term value creation for our unitholders.”
Singapore, 3 November 2023 – Sasseur Asset Management Pte. Ltd. (“SAMPL” or “REIT Manager”), the manager of Sasseur Real Estate Investment Trust (“Sasseur REIT”), is pleased to announce that Sasseur REIT has won two awards at The Edge Singapore Centurion Club Awards 2023 Gala Dinner held on 2 November 2023 at Shangri-La Singapore.
Sasseur REIT was named the Overall Sector Winner in the REITs Sector and recognised for being the REIT with the Highest Weighted Return on Equity (“ROE”) Over Three Years.
The Edge Singapore Centurion Club Awards 2023 which is held in conjunction with the Singapore Exchange (“SGX”), recognises excellence in SGX-listed companies with a market capitalisation of between S$100 million and S$999 million as at 31 March 2023.
The scoring framework for the “Overall Sector Winner” 2023 Award takes into account each qualifier company’s:
(25% weightage of overall score)
Ms Cecilia Tan, CEO of SAMPL, said: “We are extremely pleased and honoured that Sasseur REIT has won these two prestigious awards, coming out tops amongst 19 contending REITs and Business Trusts. Sasseur REIT has demonstrated operational and financial resilience throughout the past three years from 2020 to 2022, despite COVID-related volatilities in China and macroeconomic challenges. 2022 was particularly a very challenging year, mainly due to the adverse impact of widespread pandemic outbreaks in China which led to mandated temporary closures and shortened operating hours at Sasseur REIT’s four outlets.
As at end-July 2023, for unitholders who have invested in Sasseur REIT since its public listing on 28 March 2018, we have delivered a total return of approximately 36.1%, outperforming that of the FTSE ST REIT Index (17.6%) and FTSE Straits Times Index (21.5%) for the same period.
These Awards are a testament to the defensiveness and counter-cyclicality of Sasseur REIT’s underlying outlet business which has stayed strong throughout all market conditions. In times like economic uncertainties, shoppers will prioritise value-for-money in their purchase decisions and this is where the outlet business thrives.
As part of our strategy to create value for Sasseur REIT’s unitholders, we have also been prudent in capital and risk management by managing debt levels effectively and utilising appropriate hedging strategies against the backdrop of interest rate and foreign exchange volatilities. The REIT has been maintaining one of the lowest aggregate leverage ratios (26.2% as at 30 June 2023) amongst S-REITs since 2020.
The Awards reaffirm our dedication and unwavering commitment to delivering long-term value creation for our unitholders.”
