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CDL Hospitality Trusts records 3.4% higher DPS for Q3

CDL Hospitality Trusts on Friday posted a 3.4 per cent increase in distribution per stapled security (DPS) for the third quarter, on stronger income.

DPS for the three months ended Sept 31, 2016, stood at 2.44 Singapore cents, compared to 2.36 Singapore cents a year ago.

Net property income rose to 5.3 per cent to S$34.8 million on contribution from its hotels in UK and New Zealand.