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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 Oct 1, 2015. This was partially offset by weaker trading performance from the group's Singapore and Maldives properties, which saw a collective decline in revenue by S$2.5 million. Its properties in Australia and Japan also reported revenue rises.
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
