Sasseur Reit released their Q4 and FY18 result this evening.
Since they only IPO-ed in Mar 2018, so they are like Primary 1 student getting their 2018 report book.
I would give them a Grade A for their FY2018 performance at current price $0.71!!!!
2) NAV increased by 12.9% (IPO) to $0.903.
PB 0.79 as of today closing price of $0.71
3) DPU 3.541 cents per share declared. xD on 4th Mar.
That a 5% yield as of today closing price of $0.71 just for 2H 2018.
Sasseur is distributing 100% till 31 Dec 2019, and at least 90% distribution from 1 Jan 2020.
4) Dividend to switch to quarterly basis
This is awesome news for shareholders. This will also provide some support to the share price when dividend is declared.
4) Occupancy Rate at 95.2%
5) Minimum debts in 2019 & 2020
6) Potential Pipeline
For more reasons why I added Sasseur Reit on 1st Feb, please click on the link below.
1) Added: Sasseur Reit