CDL Hospitality Trusts (CDLHT)

CDLHT reports 3QFY2024 NPI of $36.3 mil, 6.8% lower y-o-y - THE EDGE SINGAPORE

Results

CDLHT reports 3QFY2024 NPI of $36.3 mil, 6.8% lower y-o-y

As at 9.02am, units in CDLHT are trading 0.5 cents higher or 0.54% up at 93.5 cents.
Maybank trims CDLHT target price after 1Q2024 S’pore concerts end - THE EDGE SINGAPORE

Broker's Calls

Maybank trims CDLHT target price after 1Q2024 S’pore concerts end

CDLHT is awaiting rate cuts, as high interest costs weighed on the REIT in 1HFY2024 ended June 30.

Results

CDLHT 1HFY2024 DPS flat at 2.51 cents despite NPI growing 5.9% y-o-y

CDLHT recorded higher NPI in six markets but NPI in the UK was flat and New Zealand was down 13.9% y-o-y.

Results

CDLHT reports total NPI of $34.9 mil for 1QFY2024, 6.8% up y-o-y

Units in CDLHT closed 1 cent higher or 1.04% up at 97.5 cents on April 29.

Results

CDLHT reports FY2023 DPS of 5.70 cents, 1.2% higher y-o-y on higher NPI contribution

The REIT’s 2HFY2023 DPS fell by 11.1% y-o-y to 3.19 cents due to higher interest costs.

Broker's Calls

RHB keeps ‘overweight’ call on S-REITs, retail sector impacted by rise in GST and inflationary pressures on tenants

Dominant theme and driver of S-REITs’ performance in 2024 to be US Fed’s rate cuts and messaging surrounding the size and timing.

Broker's Calls

UOB Kay Hian keeps ‘overweight’ rating on ‘defensive’ S-REITs; blue chip S-REITs preferred

CDLHT, CLAS, KORE, KREIT, LREIT and MINT were named as top picks.
RHB 'overweight' on S-REITs as peak rates near; foreign names with 'bombed-out valuations' offer most upside - THE EDGE SINGAPORE

Broker's Calls

RHB 'overweight' on S-REITs as peak rates near; foreign names with 'bombed-out valuations' offer most upside

RHB Bank Singapore favours CapitaLand Ascendas REIT, Keppel REIT, AIMS APAC REIT and CDL Hospitality Trusts.
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