CDLHT posts 11.9% fall in H2 DPS to S$0.0281

CDL Hospitality Trusts’ recently acquired living assets in the United Kingdom will contribute to the group’s sustained growth and ensure it has a diversified and balanced income profile, the stapled group’s managers said at its full-year results briefing on Monday (Jan 27).

“The idea behind our change in our mandate to include living asset classes is to secure stable, long-term growth and income resilience. Generally, the demographic profile for higher education is very favourable,” said Vincent Yeo, chief executive officer of CDLHT’s managers. 

The 404-bed Benson Yard, a purpose-built student accommodation (PBSA) building in Liverpool which CDLHT acquired in December 2024, had a committed occupancy of 95.5 per cent as at Dec 31. Leasing for the upcoming academic year began a few months ago and is currently ahead of the previous academic year’s pace, the managers said.