You are here

CDL Hospitality Trusts' DPS for H1 tumbles 63.7% to 1.51 Singapore cents

BT_20200730_RCCDL30HYP3_4189989.jpg
In July, CDLHT sold Novotel Singapore Clarke Quay and acquired W Singapore Sentosa Cove.

Singapore

CDL Hospitality Trusts' (CDLHT) distribution per stapled security (DPS) sank 63.7 per cent to 1.51 Singapore cents for the six months ended June 30, 2020, from 4.16 Singapore cents a year ago.

Gross revenue was down 44.5 per cent to S$52.1 million for the half year, from...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes