CDL Hospitality Trusts' Q1 DPS down 9%
Uncertain global economy and smaller corporate travel budgets take toll on performance
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
CDL Hospitality Trusts (CDLHT) posted a 9 per cent drop in distribution per stapled security (DPS) to 2.22 Singapore cents for the first quarter ended March 31, 2016, due to a challenging operating environment and leaner corporate travel budgets.
CDLHT, which is a stapled group comprising CDL Hospitality Real Estate Investment Trust (H-Reit) and CDL Hospitality Business Trust (HBT), owns 15 hotels, two resorts and a retail mall. Its portfolio comprises a total of 4,909 rooms.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
