CDLHT's Q2 DPS falls 3.3% on weaker showing from Singapore, Maldives hotels

Singapore

CDL Hospitality Trusts (CDLHT) on Tuesday posted a 3.3 per cent fall in its total distribution per stapled security (DPS) to 2.07 Singapore cents for the second quarter, down from 2.14 cents in the same period last year.

Total distribution to stapled securityholders, after retention for working capital, declined 2.6 per cent to S$25.1 million for the three months ended June 30.