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CDL Hospitality Trust DPS up 2.9% in Q2

Loans refinancing extends average weighted debt to maturity to 3.2 years against 2.3 years in 2Q 2017

Janice Heng

Published Fri, Jul 27, 2018 · 09:50 PM

Singapore

CDL Hospitality Trust (CDLHT) posted a 2.9 per cent rise in distribution per stapled security (DPS) to 2.14 Singapore cents in the fiscal second quarter ended June 30.

This was despite revenue edging down 0.3 per cent to S$47.7 million from S$47.8 million, while net property income was down 3.7 per cent to S$33.6 million from S$34.9 million.

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