Sasseur REIT Rejects Xi’an Outlet Acquisition, Shifts Focus to Regional Diversification
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Sasseur Real Estate Investment Trust (SG:CRPU) has rejected an acquisition offer for the Sasseur (Xi’an) Outlets from its sponsor, citing concerns over dilution of distribution per unit (DPU) and net asset value. The REIT will instead focus on acquiring high-quality, DPU-accretive assets in South-East Asia and other selected markets to enhance portfolio resilience and long-term value for unitholders. The current analyst rating for SG:CRPU stock is a Buy with a price target of S$0.90.
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