SINGAPORE (Oct 28): The manager of CDL Hospitality Trusts (CDLHT) has announced a 3Q DPS or distribution per stapled security of 2.44 cents, up 3.4% from 2.36 cents a year ago on the back of a 10.5% in revenue to $45.4 million.

NPI rose 5.3% to $34.8 million, boosted by inorganic contribution from Hilton Cambridge City Centre as well as improved performance from Grand Millennium Auckland.

Contributions from hotels in Australia and Japan also grew due to positive earnings translation. However, the growth in NPI was partially offset by lower contributions from Singapore and Maldives as a result of the soft trading environment.

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