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CDLHT Q3 DPS falls 4.1% on lower income
Higher earnings in Singapore offset by lower contributions from overseas markets
Add BT as a preferred sourcePublished Wed, Oct 30, 2019 · 09:50 PM
Singapore
CDL Hospitality Trusts (CDLHT) on Wednesday posted a 4.1 per cent fall in distribution per stapled security (DPS) to 2.09 Singapore cents for the third quarter ended Sept 30, from 2.18 cents a year ago. This was attributable to a decline in net property income (NPI) and higher interest expense.
Total distribution to stapled securityholders, after retention for working capital, fell 3.6 per cent to S$25.4 million. Revenue slipped 1.8 per cent to S$49.1 million.
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