The Business Times
SUBSCRIBERS

CDLHT Q4 DPS down after rights issue

It reports room for expansion in Europe after divestment of two Brisbane hotels

google-preferred-sourceAdd BT as a preferred source
Published Fri, Jan 26, 2018 · 09:50 PM
    CDL Hospitality Trusts

    Singapore

    THE payout from CDL Hospitality Trusts (CDLHT) fell again in the fourth quarter owing to a rights issue last August, but earnings from Singapore are starting to stabilise.

    There is also "a lot of headroom for further expansion" now that the divestment of two Brisbane hotels in January has lowered CDLHT's gearing to just over 30 per cent, said Vincent Yeo, chief executive of CDLHT's managers, on Friday.

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More