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CDL Hospitality Trusts' 1Q DPS rises 7.4% to 2.17 cents on improved portfolio performance

Michelle Zhu
Michelle Zhu4/28/2018 12:32 PM GMT+08  • 3 min read
CDL Hospitality Trusts' 1Q DPS rises 7.4% to 2.17 cents on improved portfolio performance
SINGAPORE (Apr 28): The manager of CDL Hospitality Trusts (CDL HT) has announced a total distribution per stapled security (DPS) of 2.17 cents for the first quarter ended Mar 2018, up 7.4% from 2.02 cents a year ago on improved portfolio performance.
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SINGAPORE (Apr 28): The manager of CDL Hospitality Trusts (CDL HT) has announced a total distribution per stapled security (DPS) of 2.17 cents for the first quarter ended Mar 2018, up 7.4% from 2.02 cents a year ago on improved portfolio performance.

Revenue grew 11.6% to $51.8 million from $46.4 million previously, with net property income (NPI) registering a 5.4% rise over the quarter to $37.8 million from $35.9 million a year ago.

This was largely due to inorganic contribution from The Lowry Hotel in Manchester, UK, and Pullman Hotel Munich in Germany, which helped to boost the portfolio’s performance.

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