SINGAPORE (Jan 30): Analysts are keeping a positive stance on CDL Hospitality Trusts (CDL HT) following Tuesday results announcement.
The managers of CDL HT, a stapled group comprising CDL REIT and CDL Hospitality Business Trust, posted a 2.1% decline in 4Q18 distribution per stapled security (DPS) to 2.77 cents from 2.83 cents in 4Q17.
The DPS decline was mainly attributed to the absence of contribution from three properties – two Brisbane hotels divested in Jan 2018, and the Dhevanafushi Maldives Luxury Resort, which has been closed since June 2018 for renovations as it rebrands to Raffles Maldives Meradhoo (RMM).
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