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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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Inorganic contributions from The Lowry Hotel in the UK (above) and Pullman Hotel Munich in Germany, which was absent last year, have boosted the portfolio's performance.

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....

sentifi.com

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