CDL Hospitality Trusts reports 29.2% lower DPS for 2H20, 45.1% lower DPS for FY20

The manager of CDL Hospitality Trusts (CDLHT) declared distribution per stapled security (DPS) of 3.44 cents for the 2HFY2020 ended December, down 29.2% from DPS of 4.86 cents a year ago.

This includes the capital distribution of proceeds from the sale of Novotel Singapore Clarke Quay (NCQ) that came up to some $20.0 million for the 2HFY2020.

FY2020 DPS saw a 45.1% y-o-y plunge to 4.95 cents from 9.02 cents a year ago.