CDL Hospitality Trusts DPS for Q1 up 2.2% at 2.75 cents

Singapore

CDL Hospitality Trusts's (CDLHT's) income available for distribution per stapled security climbed 2.2 per cent to 2.75 cents in its first quarter ended March 31, 2014.

Correspondingly, distribution per share for Q1 increased 2.2 per cent to 2.75 cents.

Net property income rose 4.1 per cent to $36.7 million, on the back of a 15.3 per cent increase in revenue to $43.8 million, mainly due to its Maldives resorts, which recorded year-on-year revenue per available…