CDL Hospitality Trusts' NPI down 9% in 2h 2024

The group’s DPS also declined by 11.9% to 2.81 cents in the same period.

CDL Hospitality Trusts (CDLHT) reported a 9% decline in net property income for the second half of 2024, falling to $68.69m from $75.45m in 2023.

The decline was attributed to the ongoing normalisation of demand in certain markets following the extraordinary post-pandemic growth.

For 2H 2024, the trust declared a distribution per stapled security (DPS) of 2.81 cents, down 11.9% from 3.1 cents in the same period last year. Total DPS for FY 2024 is 5.32 cents, a 6.7% decrease YoY.

The trust expects earnings growth in 2025 from three newly acquired properties, namely Hotel Indigo Exeter, The Castings, and Benson Yard.

The group's portfolio valuation rose by 4.5% YoY, increasing by $138.2m to reach $3.2b. On the same store basis, excluding the newly acquired properties, the portfolio valuation grew by 1.2% YoY.

Follow the link for more news on

CDL Hospitality Trusts

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