Sasseur REIT announced its business and operational updates for the quarter ended Sep, 30 2025. The trust recorded a 4.9 % year-on-year rise in Entrusted Management Agreement (EMA) rental income to RMB166.3 million, supported by a 10.8 % increase in total outlet sales to RMB1.06 billion. Translated, EMA rental income amounted to 30.0 million Singapore dollars, up 2.6 % on the same period last year. Portfolio occupancy averaged 98.5 %, while the weighted average lease expiry stood at two years.

For the nine months to Sep, 30 2025, EMA rental income grew 3.1 % year-on-year to RMB502.5 million on outlet sales of RMB3.24 billion, a 3.9 % increase from the previous year.

Sasseur REIT’s aggregate leverage was 25.5 % as at Sep, 30 2025, with an interest coverage ratio of 4.5 times. The weighted average cost of debt fell to 4.6 % from 5.3 % at Dec, 31 2024. All borrowings are denominated in renminbi, and the next refinancing requirement is in 2028. Gross borrowings totalled 431.4 million Singapore dollars, with average debt maturity extending to 4.5 years following a 10-year green loan of RMB308 million.

Management said it will focus on proactive asset management, prudent capital management and acquisition-led growth, noting it holds rights of first refusal over the Xi’an and Guiyang outlets in China.