Sasseur Real Estate Investment Trust (CRPU) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Sasseur Real Estate Investment Trust S$0.66, price S$0.64, upside +3.9%, quality 66 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range 0.4680 SGD – 0.6749 SGD · fair‑value band 0.6300 SGD – 0.9200 SGD · the 0.6350 SGD price screens below the 0.6600 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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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.
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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.
Stock analysis
Sasseur Real Estate Investment Trust (CRPU) currently trades at 0.6350 SGD, while our model-based Fair Value estimate is 0.6600 SGD, so the stock looks roughly fairly valued today (gap 3.8%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of 0.8200 SGD per share, and 4 of the 12 models we run sit above the 0.6350 SGD price.
Bear case: the Dividend Discount group reads lowest at 0.4900 SGD, and 8 of the 12 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.6300 SGD (bear) to 0.9200 SGD (bull), the price of 0.6350 SGD sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 66/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
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.
Key figures
Market cap 803M SGD (≈ $627M) · P/E ratio 15.9 · P/S ratio 8.30 · EPS (TTM) 0.0400 SGD · Dividend yield 10.1% · Net margin 52.3% · Return on equity 5.3% · Return on assets (EBIT) 6.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 6% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −24% fair-value upside, at 4%, CRPU screens cheaper than that median.
Fair Value models
Bear 0.6300 SGDFair Value 0.6600 SGDBull 0.9200 SGD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−2.2%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−1.3%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−0.7%
Start year 2020 (pandemic)
Revenue growth 9 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+3.4%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−3.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−13.1%
Dividend (yield on the price)10.1%
Profit margin 2019 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.91% → 91%
Growth Forecast
Little optimism in the price
The price assumes about as much growth as the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−2.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (Singapore: IMF forecast 2.0% a year to 2030, 1.7% from 2016 to 2025) that is about −4.7% a year for the price and +1.0% for the forecasts.
Compare Sasseur Real Estate Investment Trust with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.REIT - Retail · 92 stocks
Beats the industry median on 11/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside+3.9% · Above median
Profitability
Return on equity (TTM)5.3% · Below median
Return on assets4.1% · Top 25%
Net margin (TTM)43.7% · Above median
Operating margin (TTM)91.2% · Top 25%
Growth and dividend
Revenue growth4.7% · Below median
Dividend yield (TTM)10.1% · Top 25%
Balance sheet
Debt / equity0.43× · Lowest 25%
Valuation Multiplesvs REIT - Retail median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Sasseur Real Estate Investment Trust Fair Value". https://www.fairvalue-calculator.com/stock/CRPU
Frequently asked questions
Is Sasseur Real Estate Investment Trust (CRPU) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 0.6600 SGD versus a price of 0.6350 SGD, about +4% upside (fairly valued).
What is the fair value of CRPU?
Our model-based fair value for Sasseur Real Estate Investment Trust is 0.6600 SGD (as of Sep 27, 2026), built from audited fundamentals. The current price: 0.6350 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 price target for Sasseur Real Estate Investment Trust (CRPU)?
Our model-based price target is the fair value of 0.6600 SGD (as of Sep 27, 2026) from 12 valuation models. Cautious scenario 0.6300 SGD, optimistic scenario 0.9200 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the Sasseur Real Estate Investment Trust stock forecast for 2026?
Our models put fair value at 0.6600 SGD, about +4% upside versus a price of 0.6350 SGD (fairly valued). Cautious scenario 0.6300 SGD, optimistic scenario 0.9200 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of Sasseur Real Estate Investment Trust (CRPU)?
Sasseur Real Estate Investment Trust reported trailing-twelve-month revenue of about 124M SGD (latest available figure, as of Sep 27, 2026).
Does Sasseur Real Estate Investment Trust pay a dividend?
Sasseur Real Estate Investment Trust currently shows a dividend yield of about 10.08% relative to its recent price (as of Sep 27, 2026).
What growth is priced into Sasseur Real Estate Investment Trust (CRPU)?
For today's price to be fair in a discounted-cash-flow model, Sasseur Real Estate Investment Trust would have to grow free cash flow by -2.7 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.7 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of CRPU use?
Our models discount Sasseur Real Estate Investment Trust at 9.6 %: a base by market capitalisation (small), damped by beta 0.51, country premium for Singapore. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Sasseur Real Estate Investment Trust that is -2.7 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Sasseur Real Estate Investment Trust (CRPU) delivered so far?
Over the past 5 years revenue at Sasseur Real Estate Investment Trust grew -0.7 % a year. The price currently implies -2.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Sasseur Real Estate Investment Trust (CRPU) growing?
The median revenue growth in the sector is +2.0 % a year. That is the yardstick for the growth priced into Sasseur Real Estate Investment Trust (-2.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sasseur Real Estate Investment Trust (CRPU)?
The free-cash-flow yield on the price is 13.13 %: that much free cash flow Sasseur Real Estate Investment Trust produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sasseur Real Estate Investment Trust (CRPU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sasseur Real Estate Investment Trust it is 0.6600 SGD per share (as of Sep 27, 2026), against a price of 0.6350 SGD. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Sasseur Real Estate Investment Trust stock overvalued or undervalued in 2026?
As of Sep 27, 2026, CRPU trades below its calculated fair value: price 0.6350 SGD, fair value 0.6600 SGD, a gap of about +4% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CRPU?
No. The price is what the market pays today (0.6350 SGD); the fair value is what the company's own numbers justify (0.6600 SGD). For Sasseur Real Estate Investment Trust the two are 0.0250 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is Sasseur Real Estate Investment Trust worth?
The market values Sasseur Real Estate Investment Trust at about 803M SGD (market capitalisation, as of Sep 27, 2026). Per share that is 0.6350 SGD; our models calculate a fair value of 0.6600 SGD per share.
What do the bullish and bearish scenarios say about CRPU?
Our models span a range for Sasseur Real Estate Investment Trust: cautious scenario 0.6300 SGD, base 0.6600 SGD, optimistic 0.9200 SGD per share (as of Sep 27, 2026, price 0.6350 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CRPU?
Sasseur Real Estate Investment Trust trades at a price-to-earnings ratio of 15.9 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.6600 SGD is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 11.5 (reported for FY2025: 12.7). Other multiples: PEG 0.7, P/B 0.8, P/S 6.5, EV/EBITDA 10.6.
What is the PEG ratio of CRPU?
The PEG ratio of Sasseur Real Estate Investment Trust is 0.69 (P/E divided by earnings growth, as of Sep 27, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Sasseur Real Estate Investment Trust (CRPU)?
Balance-sheet figures for Sasseur Real Estate Investment Trust (as of Sep 27, 2026): return on equity 5.3%, debt of 0.43 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is CRPU from its 52-week high?
Sasseur Real Estate Investment Trust trades at 0.6350 SGD, about 6% below its 52-week high of 0.6749 SGD and 6% above the low of 0.5988 SGD (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of 0.6600 SGD is for.
Which stocks are comparable to Sasseur Real Estate Investment Trust?
From the same area (Real Estate) we also value Simon Property Group, Realty Income Corporation, Kimco Realty Corporation, Unibail-Rodamco-Westfield SE, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Sasseur Real Estate Investment Trust stock attractive at the current price?
The data as of Sep 27, 2026: price 0.6350 SGD, calculated fair value 0.6600 SGD (+4%), Quality Score 66/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CRPU calculated?
We run Sasseur Real Estate Investment Trust through 12 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 0.6600 SGD, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Sasseur Real Estate Investment Trust currently trades 4 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Sasseur Real Estate Investment Trust (CRPU)?
The closing price on Oct 1, 2026 was 0.6350 SGD. Our model-based fair value is 0.6600 SGD, about +4% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sasseur Real Estate Investment Trust right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Sasseur Real Estate Investment Trust
How large is the market capitalisation of Sasseur Real Estate Investment Trust (CRPU)?
The market capitalisation of Sasseur Real Estate Investment Trust is 803M SGD (≈ $627M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Sasseur Real Estate Investment Trust (CRPU)?
The price-to-sales ratio of Sasseur Real Estate Investment Trust is 8.30 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sasseur Real Estate Investment Trust (CRPU)?
Earnings per share at Sasseur Real Estate Investment Trust are 0.0400 SGD (price ÷ EPS = P/E 15.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sasseur Real Estate Investment Trust (CRPU)?
The dividend yield of Sasseur Real Estate Investment Trust is 10.1% (payout 144%, on adjusted earnings, reported 160%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Sasseur Real Estate Investment Trust (CRPU)?
The net margin of Sasseur Real Estate Investment Trust is 52.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Sasseur Real Estate Investment Trust (CRPU)?
The return on equity (ROE) of Sasseur Real Estate Investment Trust is 5.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Sasseur Real Estate Investment Trust (CRPU)?
On an EBIT basis the return on assets of Sasseur Real Estate Investment Trust is 6.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Sasseur Real Estate Investment Trust (CRPU)?
The operating margin of Sasseur Real Estate Investment Trust is 91.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sasseur Real Estate Investment Trust (CRPU)?
Revenue at Sasseur Real Estate Investment Trust is growing +4.7% versus a year earlier (3y avg −1.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Sasseur Real Estate Investment Trust (CRPU)?
Earnings per share at Sasseur Real Estate Investment Trust are growing −22.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Sasseur Real Estate Investment Trust (CRPU) carry?
The net debt of Sasseur Real Estate Investment Trust is 259M SGD (fiscal year 2025, ≈ 2.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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