CDL Hospitality Trusts’ income drops by 0.9% to $31.3m

On back of soft trading in its Singapore market.

The hospitality firm’s net property income fell flattish in 2Qk as its saw trading conditions soften in Singapore and in its Maldives markets.

According to a report by OCBC, it also bucked lower contribution from New Zealand and Australia markets due to local currency weakness.

“2Q16 distributable income after retention and capital distribution fell 0.3% YoY to S$22.1m. Against yesterday's price of S$1.47, CDLHT is currently trading at a blended FY16/17 forecasted yield of 7.0%,” OCBC said.

Meanwhile, DPU fell 0.9% to 2.23 S cents, while gross revenue increased 8.9% YoY to S$42.5m.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia