CDL Hospitality Trusts' Q4 DPS dips 2.1%

Singapore

TOTAL distribution per stapled security (DPS) for CDL Hospitality Trusts (CDLHT) fell 2.1 per cent to 2.77 Singapore cents for the fourth quarter compared to the same period a year ago.

Overall revenue and net property income (NPI) both fell 5.4 per cent to S$52.28 million and S$38.41 million respectively for the three months to Dec 31, 2018, due to the absence of contribution from three properties.