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CDL Hospitality Trusts’ 3Q21 NPI grow 34.8% y–o-y to $20.5 mil

Atiqah Mokhtar
Atiqah Mokhtar10/29/2021 9:17 AM GMT+08  • 3 min read
CDL Hospitality Trusts’ 3Q21 NPI grow 34.8% y–o-y to $20.5 mil
The stronger performance was underpinned by contributions from overseas markets including New Zealand, UK and Germany.
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CDL Hospitality Trusts (CDLHT) has reported net property income (NPI) of $20.5 million for the 3QFY2021 ended September, up 34.8% y-o-y from $15.2 million previously, reflecting ongoing recovery from the pandemic.

Revenue for the period grew 32.8% y-o-y to $40 million.

According to its 3QFY2021 operational update released on Oct 29, the improved NPI contribution arose mainly from the New Zealand, UK, Germany and Italy hotels as well as Angsana Velavaru in the Maldives, which increased collectively by $8.5 million y-o-y during the period.

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