CDLHT posts 7.4% rise in distribution per stapled security
This comes on the back of higher net property income, which grew 5.4% to S$37.82m in Q1
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Singapore
CDL Hospitality Trust (CDLHT) reported a 7.4 per cent increase in distribution per stapled security (DPS) to 2.17 Singapore cents for the first quarter ended March 31.
This came on the back of higher net property income (NPI), which grew 5.4 per cent to S$37.82 million. Gross revenue rose 11.6 per cent to S$51.8 million.
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