Sasseur Real Estate Investment Trust (CRPU) AI Stock Analysis

• Market Cap: S$844.34M
• Dividend Yield: 8.67%
• Average Volume (3M): 1.75M
• Price to Earnings (P/E): 13.3
• Beta (1Y): 0.63
• Revenue Growth: 5.89%
• EPS Growth: 1.81%
• Country: SG
• Employees: 13
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Retail
• EPS (TTM): 0.03
• Shares Outstanding: 1,260,201,800
• 10 Day Avg. Volume: 1,193,120
• 30 Day Avg. Volume: 1,747,076
• PEG Ratio: -1.39
• Price to Book (P/B): 0.82
• Price to Sales (P/S): 6.84
• P/FCF Ratio: 7.45
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: S$0.88
• Price Target Upside: 25.71% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 73 Outperform
• Price Target: S$1.00 ▲(42.86% Upside)

The overall stock score of 72.5 reflects a solid valuation with an attractive dividend yield and reasonable P/E ratio, coupled with positive technical indicators. However, financial performance concerns, particularly in revenue growth and profitability, weigh down the score. The absence of recent earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Strong Sales Growth

The significant sales increase at the Anniversary Event indicates strong consumer demand and effective retail strategies, which can contribute to sustained revenue growth and market competitiveness.

New CEO Appointment

The new CEO, with extensive experience in asset management, is expected to enhance strategic leadership, potentially driving long-term growth and operational efficiency.

High Gross Profit Margin

A consistently high gross profit margin reflects strong cost management and operational efficiency, providing a solid foundation for profitability and competitive advantage.

Negative Factors

Declining Operating Cash Flow

The decline in operating cash flow conversion suggests potential issues in cash generation, which could impact liquidity and financial flexibility over time.

CFO Resignation

The CFO's resignation may lead to transitional challenges in financial management and strategic planning, potentially affecting investor confidence and operational stability.

Inconsistent Revenue Growth

Inconsistent revenue growth, including recent declines, raises concerns about the company's ability to maintain market position and drive long-term growth.

Sasseur Real Estate Investment Trust Business Overview & Revenue Model

Company Description

Sasseur Real Estate Investment Trust invests in a portfolio of real estate and related assets. The company operates through four segments: Chongqing Liangjiang Outlets, Chongqing Bishan Outlets, Hefei Outlets, and Kunming Outlets. Its property portfolio comprises four retail outlet malls covering a gross floor area of 377,737 square meters located in the People's Republic of China. The company is based in Singapore. Sasseur Real Estate Investment Trust is a subsidiary of Sasseur Cayman Holding II.

How the Company Makes Money

Sasseur Real Estate Investment Trust generates revenue primarily through rental income from its portfolio of retail properties, particularly outlet malls. The company leases retail space to various tenants, including well-known international and domestic brands, which pay rent based on fixed leases or percentage rent models tied to sales performance. Additionally, Sasseur REIT benefits from long-term leases, ensuring stable cash flow. The company may also engage in property management services, further diversifying its income streams. Strategic partnerships with local and international retailers enhance tenant mix and foot traffic, contributing positively to revenue generation. The increasing popularity of outlet shopping in China, driven by consumer demand for discounted luxury goods, also plays a significant role in boosting occupancy rates and rental yields.

Sasseur Real Estate Investment Trust Financial Statement Overview

Summary

Sasseur Real Estate Investment Trust demonstrates strong cost management and a stable balance sheet, but faces challenges in revenue growth and profitability. The cash flow situation is mixed, with strong free cash flow but declining operating cash flow conversion. Overall, the company maintains a solid financial position but needs to address growth and profitability concerns to enhance its financial performance.

Income Statement

The income statement shows a strong gross profit margin consistently above 90%, indicating efficient cost management. However, the net profit margin has decreased over the years, reflecting potential challenges in maintaining profitability. Revenue growth has been inconsistent, with a decline in the most recent year, which is a concern for future growth prospects.

Balance Sheet

The balance sheet is relatively stable with a moderate debt-to-equity ratio around 0.42, suggesting a balanced approach to leveraging. Return on equity has been declining, which could indicate challenges in generating returns for shareholders. The equity ratio is healthy, showing a strong equity base relative to total assets.

Cash Flow

Cash flow analysis reveals a mixed picture. While free cash flow has shown some growth, the operating cash flow to net income ratio has decreased, suggesting potential issues in converting income into cash. The free cash flow to net income ratio remains strong, indicating good cash generation relative to profits.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	121.47M	123.73M	126.73M	125.93M	134.85M	125.25M
Gross Profit	113.17M	115.08M	118.39M	116.74M	123.43M	117.01M
EBITDA	0.00	93.33M	116.80M	115.80M	125.91M	118.45M
Net Income	63.20M	56.06M	62.42M	62.10M	122.86M	47.02M
Balance Sheet
Total Assets	1.65B	1.78B	1.75B	1.77B	1.99B	1.86B
Cash, Cash Equivalents and Short-Term Investments	128.59M	164.26M	131.20M	90.83M	152.42M	146.55M
Total Debt	424.01M	435.67M	432.64M	487.36M	510.57M	504.25M
Total Liabilities	669.41M	739.19M	728.07M	700.04M	780.63M	752.79M
Stockholders Equity	984.48M	1.04B	1.02B	1.07B	1.21B	1.11B
Cash Flow
Free Cash Flow	115.59M	113.63M	185.43M	63.05M	114.29M	88.40M
Operating Cash Flow	116.08M	114.49M	185.43M	66.82M	120.11M	93.09M
Investing Cash Flow	-704.00K	-865.00K	-532.00K	-3.77M	-5.82M	-4.69M
Financing Cash Flow	-92.60M	-82.22M	-144.55M	-115.41M	-113.94M	-93.27M

Sasseur Real Estate Investment Trust Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:CRPU, the sentiment is Positive. The current price of 0.7 is above the 20-day moving average (MA) of 0.68, above the 50-day MA of 0.68, and above the 200-day MA of 0.64, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 56.31 is Neutral, neither overbought nor oversold. The STOCH value of 95.56 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:CRPU.

Sasseur Real Estate Investment Trust Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CRPU	―	S$844.34M	13.27	6.17%	8.67%	5.89%	1.81%
JYEU	―	S$1.61B	29.72	2.88%	5.45%	-6.64%	-12.15%
H13	―	S$1.50B	10.14	4.10%	―	-8.06%	―
Sector *	―	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
AU8U	―	S$1.37B	1,316.67	0.04%	6.49%	-8.59%	-93.48%
ADN	―	S$1.15B	11.87	4.89%	―	-6.67%	581.75%
TS0U	―	S$1.90B	―	-2.15%	6.03%	-11.65%	-137.98%

Sasseur Real Estate Investment Trust Corporate Events

Sasseur REIT to Release Q3 2025 Updates

Sasseur Real Estate Investment Trust has announced that it will release its business and operational updates for the third quarter ending September 30, 2025, on November 13, 2025, before trading hours. This announcement may impact stakeholders as it provides insights into the company’s recent performance and future outlook, which could influence investor decisions and market positioning.

Sasseur REIT Reports Robust Sales Growth at Anniversary Event

Sasseur REIT announced a strong sales performance of RMB233.9 million on the first day of its annual Anniversary Sales event across its four outlet malls in China, marking a significant year-on-year increase of over 30%. The Bishan and Kunming outlets showed exceptional growth of over 70%, highlighting the effectiveness of Sasseur’s retail strategy in boosting consumer demand and engagement.

Sasseur REIT Announces CFO Resignation

Sasseur Real Estate Investment Trust has announced the resignation of its Chief Financial Officer, Mr. Xie Jianfeng, who is leaving for other business opportunities in China. In the interim, Ms. Jia Yali will oversee the finance functions until a new CFO is appointed. This change in leadership might impact the company’s financial management and strategic direction, and stakeholders will be informed once a new CFO is appointed.

Sasseur REIT Issues Units for Management Fee Payment

Sasseur REIT has announced the issuance of 4,686,150 units at S$0.6335 per unit as part of the management fee for the first half of 2025. This move increases the manager’s holdings to 2.155% of the total issued units, reflecting a strategic choice to receive a significant portion of the fee in units rather than cash, which may impact the liquidity and market perception of the REIT.

Sasseur REIT Appoints New CEO to Drive Growth

Sasseur Real Estate Investment Trust has announced the appointment of Mr. Cheng Hsing Yuen as the new Chief Executive Officer, effective October 29, 2025. Mr. Cheng, who has extensive experience in asset and property management, is expected to drive the continued growth and long-term success of the company with his strategic leadership and deep understanding of REIT operations.