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Sasseur Real Estate Investment Trust (CRPU) Fair Value & Analysis

Real Estate · SG · Market cap 854M SGD

SR Sasseur Real Estate Investment Trust CRPU · SG
Price0.7000 SGD
Fair Value0.6500 SGD
Upside-7.1%
Quality66/100
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Weak Growth
Highly profitable · 52.3% net margin
Low debt · generates free cash flow
9.04% dividend yield
Ranks above peers (12/15)
Wide moat 68/100
Evidence: High Range 0.6300 SGD – 0.8800 SGD Share as image

Fair value as of: Aug 13, 2026

From 12 valuation models · updated 4 days ago

Share price +2.2% over the past month.

A solid business, currently priced close to our fair value.

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What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

0.7100 SGD 0.4924 SGD Fair Value 0.6500 SGD May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 0.4924 SGD – 0.7100 SGD · fair‑value band 0.6300 SGD – 0.8800 SGD · the 0.7000 SGD price screens above the 0.6500 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Sasseur Real Estate Investment Trust (CRPU) currently trades at 0.7000 SGD, while our model-based Fair Value estimate is 0.6500 SGD, implying the stock looks roughly 7.1% fairly valued today. The Quality Score stands at 66/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Sasseur Real Estate Investment Trust generated revenue of 121M SGD at a net margin of 52.3%. Revenue declined 9.0% year over year. It earns a return on equity of 6.2%. Net debt stands at 259M SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.6300 SGD (bear case) to 0.8800 SGD (bull case); at 0.7000 SGD, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 20% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -51% fair-value upside, at -7%, CRPU screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF 0.5000 SGD 0.6900 SGD 1.00 SGD 80
Residual Income 0.6000 SGD 0.6200 SGD 0.6000 SGD 76
Gordon GGM 0.4600 SGD 0.5000 SGD 0.5500 SGD 70
All 12 models by family
DCF Models
FCF DCF 0.4800 SGD 0.6800 SGD 1.03 SGD 38
5Y Revenue Exit 0.3400 SGD 0.5400 SGD 0.8200 SGD 39
10Y Revenue Exit 0.3900 SGD 0.5300 SGD 0.6700 SGD 36
Dividend Discount
Gordon GGM 0.4600 SGD 0.5000 SGD 0.5500 SGD 70
DDM Multi-Stage 0.4600 SGD 0.5500 SGD 0.6600 SGD 61
Multiples
P/S Multiple 0.4700 SGD 0.6200 SGD 0.7800 SGD 58
P/B Multiple 0.6400 SGD 0.8500 SGD 1.06 SGD 55
EV/EBIT 1.24 SGD 1.72 SGD 2.20 SGD 53
EV/Revenue 0.2700 SGD 0.4700 SGD 0.6700 SGD 43
Asset-Based
NCAV (Graham) 0.4000 SGD 0.5300 SGD 0.7900 SGD 50
Growth DCF
Growth DCF 0.5000 SGD 0.6900 SGD 1.00 SGD 80
Economic Profit
Residual Income 0.6000 SGD 0.6200 SGD 0.6000 SGD 76

Widest divergence: Growth DCF (0.6900 SGD) versus Dividend Discount (0.5000 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 121M SGD
Revenue growth (YoY) -9.0%
Net margin 52.3%
Return on equity 6.2%
Free cash flow 105M SGD FY2025
P/E ratio 14.0
More key figures
Operating margin 91.2%
EPS (TTM) 0.0500 SGD
Dividend yield 9.0%
EPS growth (YoY) -0.5%
Net debt 259M SGD FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 64 · Market factors (momentum, volatility) 70

Profitability 36
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 95
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 73
Distance to the 52-week high (market factor)
Net Issuance 72
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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

Full company description

Sasseur Real Estate Investment Trust invests in a portfolio of real estate and related assets. The company operates through four segments: Sasseur (Chongqing Liangjiang) Outlet, Sasseur (Chongqing Bishan) Outlet, Sasseur (Hefei) Outlet, and (Sasseur (Kunming) Outlet. Its property portfolio comprises four retail outlet malls located in the People's Republic of China. The company was incorporated in 2017 and is based in Singapore. Sasseur Real Estate Investment Trust operates as a subsidiary of Sasseur Cayman Holding II Ltd.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sasseur Real Estate Investment Trust reported revenue of 121M SGD in FY2025 versus 135M SGD in FY2021, a compound −2.7%/yr. Reported net income was 63.3M SGD in FY2025, compounding −15.3%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
121M SGD
Latest YoY
−2.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−1.3%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−0.7%
Avg. growth/yr (9Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.4%
Revenue −2.7%/yr
FY21 135M SGD
FY22 126M SGD
FY23 127M SGD
FY24 124M SGD
FY25 121M SGD
Net income −15.3%/yr
FY21 123M SGD
FY22 62.1M SGD
FY23 62.4M SGD
FY24 56.1M SGD
FY25 63.3M SGD

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Cite: Fair Value Calculator (2026). "Sasseur Real Estate Investment Trust Fair Value". https://www.fairvalue-calculator.com/stock/CRPU

Peer Group

REIT - Retail · 98 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 68 · Top 25%
Fair Value upside −7% · Above median
Return on equity (TTM) 6% · Below median
Return on assets 4% · Top 25%
Net margin (TTM) 52% · Above median
Operating margin (TTM) 91% · Top 25%
Revenue growth -9% · Bottom 25%
Dividend yield (TTM) 9.0% · Top 25%
Debt / equity 0.43× · Lower than 75% of peers

Valuation Multiples vs REIT - Retail median · lower = cheaper

P/E (TTM) 14.0× · Pricier than median
P/B 0.66× · Cheaper than 75% of peers
P/S (TTM) 5.52× · Cheaper than median
P/FCF 6.3× · Cheaper than median
EV/EBITDA 9.2× · Cheaper than 75% of peers
PEG 0.69× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 24 · sector 10
FUTURE 0 · sector 20
PAST 25 · sector 29
HEALTH 79 · sector 67
DIVIDEND 100 · sector 100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more REIT - Retail stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Frequently asked questions

Is Sasseur Real Estate Investment Trust (CRPU) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.6500 SGD versus a price of 0.7000 SGD, about −7% (fairly valued).
What is the fair value of CRPU?
Our model-based fair value for Sasseur Real Estate Investment Trust is 0.6500 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.7000 SGD.
What is the quality score of CRPU?
Sasseur Real Estate Investment Trust has a Quality Score of 66/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Sasseur Real Estate Investment Trust (CRPU)?
Sasseur Real Estate Investment Trust reported trailing-twelve-month revenue of about 121M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of CRPU?
The net profit margin of Sasseur Real Estate Investment Trust is about 52.3%, meaning it keeps roughly 52.3% of revenue as net income. Based on the latest reported figures.
Does Sasseur Real Estate Investment Trust pay a dividend?
Sasseur Real Estate Investment Trust currently shows a dividend yield of about 9.04% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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