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CDL Hospitality Trusts reports 4.8% lower 3Q DPS of 2.18 cents amid ongoing asset enhancements

Michelle Zhu
Michelle Zhu10/31/2018 08:04 AM GMT+08  • 2 min read
CDL Hospitality Trusts reports 4.8% lower 3Q DPS of 2.18 cents amid ongoing asset enhancements
SINGAPORE (Oct 31): The managers of CDL Hospitality Trusts (CDL HT) have declared a distribution per stapled security (DPS) of 2.18 cents for 3Q18, down 4.8% from 2.29 cents a year ago in the absence of contributions from divested and temporarily closed p
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SINGAPORE (Oct 31): The managers of CDL Hospitality Trusts (CDL HT) have declared a distribution per stapled security (DPS) of 2.18 cents for 3Q18, down 4.8% from 2.29 cents a year ago in the absence of contributions from divested and temporarily closed properties.

CDL HT is a stapled group comprising CDL Hospitality Real Estate Investment Trust (H-REIT) and CDL Hospitality Business Trust (HBT).

Revenue for the quarter fell 8.8% to $50 million as compared to $54.8 million a year ago, as Dhevanafushi Maldives Luxury Resort suspended its operations since June this year for rebranding works.

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