CDL Hospitality Trusts H1 DPS up by 8.6% YoY to $0.0215

Net property income increased 1.8% to $59.7m.

CDL Hospitality Trusts reported higher distributions for the first half (H1) of 2026, with total distribution per stapled security rising 8.6% year-on-year (YoY) to $0.0215, supported by stronger property income and lower financing costs.

Net property income (NPI) increased 1.8% from a year earlier to $59.7m, driven mainly by improved contributions from its UK hotels portfolio, Grand Millennium Auckland, and Perth properties.

Total distribution to stapled securityholders, after retention for working capital, rose 9.7% YoY to $27.5m in H1 2026.

Gross revenue grew 1.4% to $126.9m.

Singapore hotels recorded a 4.1% YoY increase in revenue per available room (RevPAR) during the period, as the country continued to benefit from its position as a regional travel hub, supported by a mix of demand sources and a steady calendar of events.

NPI from the Singapore hotel portfolio was largely flat, edging up 0.2% YoY.

“The completion of the Moxy Singapore Clarke Quay acquisition in the first half of 2027 will deepen our presence in our core Singapore market,” said Vincent Yeo, CEO of CDLHT's managers. “We will also continue to pursue capital recycling opportunities to unlock underlying asset values and enhance returns.”

The 475-room Moxy Singapore Clarke Quay, which is being acquired through a forward purchase arrangement, is expected to receive its Temporary Occupation Permit in late 2026 and begin operations in the first half of 2027.

The addition will increase CDLHT’s Singapore room inventory from 2,555 to 3,030 rooms and expand its exposure to the lifestyle hotel segment.

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