CDL Hospitality's DPU down slightly in Q3
Distribution per stapled security is 2.61 Singapore cents, down from 2.64 Singapore cents in Q3 '13
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Singapore
MAINBOARD-LISTED CDL Hospitality Trusts (CDLHT) posted a slightly lower income available for distribution per stapled security - after deducting income retained for working capital - of 2.61 Singapore cents in the third quarter of 2014, down from 2.64 Singapore cents in the same period last year.
Gross revenue was S$40.1 million for July to September, up 11.9 per cent from S$35.9 million in the corresponding quarter last year, due to the recognition of the full revenue of its Jumeirah Dhevanafushi hotel. The hotel, which was acquired on Dec 31, 2013, contributed S$4.7 million in the third quarter of 2014.
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