CDL Hospitality's DPU down slightly in Q3

Singapore

MAINBOARD-LISTED CDL Hospitality Trusts (CDLHT) posted a slightly lower income available for distribution per stapled security - after deducting income retained for working capital - of 2.61 Singapore cents in the third quarter of 2014, down from 2.64 Singapore cents in the same period last year.

Gross revenue was S$40.1 million for July to September, up 11.9 per cent from S$35.9 million in the corresponding quarter last year, due to the recognition of the full revenue of its Jumeirah Dhevanafushi hotel. The hotel, which was acquired on Dec 31, 2013, contributed S$4.7 million in the third quarter of 2014.