Iggy's Journal: Sasseur REIT Is The Only Zone 1 Name On My List Right Now. Why Is That?
Iggy's Journal: Sasseur REIT Is The Only Zone 1 Name On My List Right Now. Why Is That?
22 August 2026, PM
The Screen:
One REIT clears every hard gate on my list right now, Sasseur REIT. Yield at 9.28%, gearing around 25%, occupancy at 98.5%. Distribution up 10.2%, cost of debt down to 3.9%. On the numbers I have, this is a Zone 1 read.
My Personal Take:
I'm not calling it locked yet, and I want to be upfront about why. The coverage ratio has two conflicting readings on file, 5.0x from one source and 5.6x from another, and I haven't confirmed which one actually matches how I calculate this everywhere else on my list. Fair value is the same story, no auditable figure with a timestamp I'm willing to stand behind yet.
Both readings still clear my floor either way, so the zone call itself isn't at risk, but "clears every gate" and "fully verified clean" aren't quite the same claim, and I'd rather hand you the honest version than round up early. Iggy's Forensic Zone: Zone 1, Provisional. If you're holding this for CPF or SRS income, treat it as encouraged, not finished, I'll confirm the rest once the numbers settle.
Not financial advice. Iggy's Forensic Compliance Standards apply.
📺 https://youtu.be/QCWt16AXER8
📩 https://investingiguana.com/p/sasseur-reit-is-the-only-zone-1-name
Cheers, Iggy 🦖
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