CDL Hospitality Trusts declares 3.3% higher 4Q DPU of 3.11 cents

SINGAPORE (Jan 26): The trustee-managers of CDL Hospitality Trusts have announced a DPU of 3.11 cents for the 4Q ended Dec, 3.3% higher than a year ago on the back of higher capital distribution.

This brings FY16 total DPU to 10 cents, 0.6% lower than the 10 cents declared a year ago.

In 4Q, CDLHT recorded a net property income of $37.7 million, largely unchanged compared to a year ago. Higher contribution was recorded from the New Zealand hotel due to the buoyant hospitality market in Auckland and the change from a fixed rent structure to a lease structure.

---

Related Stories

• Analysts trim respective target prices for CDLHT following lower DPU
• CDL Hospitality Trusts takes long-term view of Singapore
• Analysts happy with CDL Hospitality Trusts’ 3QFY2023 NPI, in-line with estimates

---