SGX:CRPU

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Sasseur Real Estate Investment Trust

Executive Summary

Sasseur Real Estate Investment Trust invests in a portfolio of real estate and related assets. More Details


Snowflake Analysis

Average dividend payer and slightly overvalued.

Share Price & News

How has Sasseur Real Estate Investment Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CRPU is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: CRPU's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

4.2%

CRPU

0.5%

SG REITs

1.1%

SG Market


1 Year Return

12.3%

CRPU

-12.3%

SG REITs

-4.0%

SG Market

Return vs Industry: CRPU exceeded the SG REITs industry which returned -12.3% over the past year.

Return vs Market: CRPU exceeded the SG Market which returned -4% over the past year.


Shareholder returns

CRPUIndustryMarket
7 Day4.2%0.5%1.1%
30 Day6.7%-3.3%1.9%
90 Day8.1%1.3%6.1%
1 Year19.0%12.3%-7.8%-12.3%1.0%-4.0%
3 Yearn/a18.4%-1.3%-7.1%-18.5%
5 Yearn/a46.5%8.2%17.0%-4.4%

Long-Term Price Volatility Vs. Market

How volatile is Sasseur Real Estate Investment Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Sasseur Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CRPU (SGD0.87) is trading below our estimate of fair value (SGD1.79)

Significantly Below Fair Value: CRPU is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CRPU is poor value based on its PE Ratio (22.2x) compared to the SG REITs industry average (21.8x).

PE vs Market: CRPU is poor value based on its PE Ratio (22.2x) compared to the SG market (14.4x).


Price to Earnings Growth Ratio

PEG Ratio: CRPU is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: CRPU's PB Ratio (1x) is in line with the SG REITs industry average.


Next Steps

Future Growth

How is Sasseur Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

17.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CRPU's forecast earnings growth (17.1% per year) is above the savings rate (2%).

Earnings vs Market: CRPU's earnings (17.1% per year) are forecast to grow slower than the SG market (25.7% per year).

High Growth Earnings: CRPU's earnings are forecast to grow, but not significantly.

Revenue vs Market: CRPU's revenue (3.4% per year) is forecast to grow slower than the SG market (9.1% per year).

High Growth Revenue: CRPU's revenue (3.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CRPU's Return on Equity is forecast to be low in 3 years time (7.7%).


Next Steps

Past Performance

How has Sasseur Real Estate Investment Trust performed over the past 5 years?

11.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CRPU has a large one-off loss of SGD27.7M impacting its December 31 2020 financial results.

Growing Profit Margin: CRPU's current net profit margins (37.5%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: CRPU's earnings have grown by 11.8% per year over the past 5 years.

Accelerating Growth: CRPU's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CRPU had negative earnings growth (-62.7%) over the past year, making it difficult to compare to the REITs industry average (-29.3%).


Return on Equity

High ROE: CRPU's Return on Equity (4.3%) is considered low.


Next Steps

Financial Health

How is Sasseur Real Estate Investment Trust's financial position?


Financial Position Analysis

Short Term Liabilities: CRPU's short term assets (SGD207.2M) exceed its short term liabilities (SGD165.7M).

Long Term Liabilities: CRPU's short term assets (SGD207.2M) do not cover its long term liabilities (SGD587.1M).


Debt to Equity History and Analysis

Debt Level: CRPU's debt to equity ratio (45.6%) is considered high.

Reducing Debt: Insufficient data to determine if CRPU's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: CRPU's debt is not well covered by operating cash flow (18.5%).

Interest Coverage: CRPU's interest payments on its debt are well covered by EBIT (4.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Sasseur Real Estate Investment Trust current dividend yield, its reliability and sustainability?

7.52%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: CRPU's dividend (7.52%) is higher than the bottom 25% of dividend payers in the SG market (1.98%).

High Dividend: CRPU's dividend (7.52%) is in the top 25% of dividend payers in the SG market (4.79%)


Stability and Growth of Payments

Stable Dividend: CRPU has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CRPU's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (80.4%), CRPU's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CRPU's dividends in 3 years are forecast to be covered by earnings (94.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.5yrs

Average management tenure


CEO

Anthony Ang (65 yo)

no data

Tenure

Mr. Meng Huat Ang, also known as Anthony, has been an Independent Director of Hectec Jietong Holdings Ltd. since April 17, 2017. He serves as a Venture Partner at iGlobe Partners. Mr. Ang currently serves ...


Leadership Team

NamePositionTenureCompensationOwnership
Meng Huat Ang
Chief Executive Officer of Sasseur Asset Management Pte. Ltd.no datano data0.041%
SGD 430.0k
Mei Kuan Leong
Head of Finance of Sasseur Asset Management Pte. Ltd.1.83yrsno datano data
Hian Chin Chew
Chief Operating Officer of Sasseur Asset Management Pte. Ltd.1.5yrsno datano data
Xiang Ting Soh
Account of Sasseur Asset Management Pte. Ltdno datano datano data
Chay Floren
Senior Manager of Admin & HR and PA to CEO of Sasseur Asset Management Pte. Ltdno datano datano data
Siew Lu Wong
Head of Investor Relations & Corporate Affairs of Sasseur Asset Management Pte Ltdno datano datano data
Hsing Yuen Cheng
Director of Asset Management of Sasseur Asset Management Pte. Ltdno datano datano data
Jun Xu
Chief Executive Officer of Sasseur Groupno datano datano data
Form Po Cho
Joint Company Secretary of Sasseur Asset Management Pte. Ltd.1.42yrsno datano data
Chester Leong
Joint Company Secretary of Sasseur Asset Management Pte. Ltd.0.33yrno datano data
Liat Tan
Advisor of Sasseur Asset Management Pte. Ltd2.75yrsno datano data

1.5yrs

Average Tenure

65yo

Average Age

Experienced Management: CRPU's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Mario Boselli
Independent Director of Sasseur Asset Management Pte. Ltd.3.33yrsS$100.00kno data
Heng Tan Cheng
Independent Non-Executive Director of Sasseur Asset Management Pte. Ltd.3.33yrsS$105.00k0.029%
SGD 301.0k
Geng Wu
Independent Director of Sasseur Asset Management Pte. Ltd.3.33yrsS$85.00k0.010%
SGD 107.5k
Rongcan Xu
Non-Executive & Non-Independent Chairman of Sasseur Asset Management Pte. Ltd.no dataS$216.00kno data
Xue Yang
Non-Executive & Non-Independent Director of Sasseur Asset Management Pte. Ltd.3.33yrsS$180.00k0.92%
SGD 9.6m
Qingyang Gu
Lead Independent Director of Sasseur Asset Management Pte. Ltd.no dataS$100.00k0.026%
SGD 268.8k

3.3yrs

Average Tenure

56yo

Average Age

Experienced Board: CRPU's board of directors are considered experienced (3.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Sasseur Real Estate Investment Trust's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sasseur Real Estate Investment Trust
  • Ticker: CRPU
  • Exchange: SGX
  • Founded: NaN
  • Industry: Retail REITs
  • Sector: Real Estate
  • Market Cap: S$1.040b
  • Shares outstanding: 1.21b
  • Website: https://www.sasseurreit.com

Location

  • Sasseur Real Estate Investment Trust
  • 7 Temasek Boulevard
  • No. 06-05, Suntec Tower One
  • Singapore
  • 38987
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CRPUSGX (Singapore Exchange)YesTrust unitsSGSGDMar 2018

Biography

Sasseur Real Estate Investment Trust invests in a portfolio of real estate and related assets. The company operates through four segments: Chongqing Outlets, Bishan Outlets, Hefei Outlets, and Kunming Outl...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/04 11:02
End of Day Share Price2021/03/04 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.