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CDL Hospitality Trusts' Q3 DPS up 3.4% at 2.44 S'pore cents

This was bolstered by its hotels in the United Kingdom and New Zealand

Nisha Ramchandani

Published Fri, Oct 28, 2016 · 09:50 PM

Singapore

CDL Hospitality Trusts' (CDLHT) distribution per stapled security (DPSS) rose 3.4 per cent to 2.44 Singapore cents for the third quarter to Sept 30, 2016, as net property income was bolstered by its hotels in the United Kingdom and New Zealand.

Gross revenue rose 10.5 per cent to S$45.4 million, thanks to a revenue boost of S$6 million from Hilton Cambridge City Centre in the UK which was acquired on …

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