SINGAPORE – Sasseur REIT on Thursday reported distributable income of 85.7 million Singapore dollars for the year ended Dec 31 2025, up 2.8 per cent year-on-year, helped by reduced finance costs and tax expenses.

EMA rental income – the trust’s proxy for revenue – rose 2.7 per cent to 682.3 million yuan over the same period, supported by resilient outlet sales across its four malls.

The manager declared a full-year distribution per unit (DPU) of 6.138 Singapore cents, 0.9 per cent higher than in FY2024. The second-half DPU of 3.083 cents will be paid on Mar 26 2026 to unitholders on record as of Mar 4 2026.

By component, fixed-rental income contributed 474.8 million yuan, expanding 3.0 per cent YoY, while the variable portion generated 207.5 million yuan, up 2.2 per cent. Aggregate portfolio occupancy stayed high at 98.8 per cent in the fourth quarter.

Finance expenses fell after the trust refinanced borrowings entirely in yuan and obtained its first green loan, trimming the average cost of debt to 4.4 per cent and lifting interest-coverage to 4.7 times. Gearing remained low at 25.1 per cent.

Looking ahead, the manager intends to further reduce funding costs through newly secured onshore facilities totalling up to 906 million yuan and will continue selective asset-enhancement works, such as energy-efficient upgrades at Chongqing Liangjiang Outlet and tenant-mix optimisation at Hefei Outlet.

Chief executive Cheng Hsing Yuen attributed the stronger second-half showing to stable sales, disciplined capital management and proactive marketing campaigns. He noted that sustainability milestones, including a LEED Gold certification for Kunming Outlet, should support longer-term operating efficiencies.

Chairman Vito Xu added that China’s policy emphasis on boosting domestic consumption is expected to underpin the outlet sector in 2026. The sponsor plans to deepen the use of digital and artificial-intelligence tools in operations and will assess expansion opportunities that offer attractive risk-adjusted returns.