CDLHT raises Q4 DPS by 3.3%, but warns of headwinds in hospitality sector

Singapore

CDL Hospitality Trusts' (CDLHT) distribution per stapled security (DPS) rose 3.3 per cent year on year to 3.11 Singapore cents for the fourth quarter ended 31 Dec, 2016, but it cautioned of ongoing challenges in the hospitality market.

Gross revenue fell 3.6 per cent to S$48.33 million, weighed down by a weaker performance from the group's Singapore and Maldives properties.