SINGAPORE: Sasseur Real Estate Investment Trust (Sasseur REIT) has clinched, for the second consecutive year, three top awards – Best Retail REIT (Platinum), Best CEO (Platinum) and Best Investor Relations (Platinum) – for REITs under US$1 billion market capitalisation at The Asia Pacific Best of the Breeds REITs Awards 2020.
The judging criteria for the Best Retail REIT award are based on the REIT’s financial performance, market performance and corporate governance, as well as other factors including the quality of REIT manager and underlying assets, the adequacy of risk management policies and methodology, as well as the REIT’s long-term performance sustainability.
Sasseur REIT’s four retail outlet malls in China have reported business recovery following the temporary closures earlier this year due to the outbreak of COVID-19.
Sasseur Asset Management Pte. Ltd. (SAMPL) SAMPL is optimistic that the REIT’s performance will improve in the second half of the financial year as China’s economy recovers, in view of its strong domestic consumption demand.
The Best CEO (Platinum) award, which was accorded to Mr. Anthony Ang, CEO of SAMPL, takes into consideration, amongst other criteria, the financial performance of the REIT under the CEO’s leadership, the CEO’s leadership in communicating with all stakeholders, as well as the CEO’s talent management capabilities.
Sasseur REIT was also awarded the Best Investor Relations (Platinum) – an improvement from its gold award last year – for its prompt and informative communication with stakeholders, analysts, media and the community.
Other determining factors included the Investor Relations team’s ability to plan and execute strategies to deal with crisis situations, maintaining a positive brand and corporate image, and taking initiatives to enhance the REIT’s communications to stakeholders.
Ang said, “As a relatively young REIT, we are truly honoured to receive these prestigious awards for the second consecutive year.”
Sasseur REIT is the first retail outlet mall REIT listed in Asia. Sasseur REIT offers investors the unique opportunity to invest in the fast-growing retail outlet mall sector in the People’s Republic of China through its initial portfolio of four quality retail outlet mall assets strategically located in fast-growing cities in China such as Chongqing, Kunming and Hefei.
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