CDL Hospitality Trusts

Property

CDL Hospitality Trusts completes divestment of Novotel for $375.9 mil

SINGAPORE (July 15): The managers of CDL Hospitality REIT and CDL Hospitality Business Trust says that the REIT’s trustee, DBS Trustee Limited, has completed its divestment to Gemini One

Broker's Calls

930 Brokers' Digest

Keppel Infrastructure Trust 

Price targets:

54 cents BUY (DBS Group Research)

57 cents OUTPERFORM (Credit Suisse Research)

Singapore REIT sector climbs 18.6% on average year-to-date, outperforms STI

SINGAPORE (Sept 20): Singapore’s 31 real estate investment trusts (REITs) and six stapled trusts have averaged a total return of 18.6% in the year to date, according to Singapore Exchange (SGX).

Broker's Calls

Stocks to stay volatile in Sept on geopolitics, central banks and lacklustre 2Q

SINGAPORE (Sept 6): DBS expects August’s market choppiness to continue into September over uncertainty policy actions over central banks, the risk of escalating geopolitical tensions in the Korean

In print this week

The time to look into hospitality REITs is now

SINGAPORE (Aug 4): Chong Kee Hiong, CEO of OUE Hospitality Trust (OUE-HT)’s manager, senses from his regular interaction with investors that the market is looking for an inflection

Results

CDL Hospitality Trusts 1H DPS falls 4.7% to 4.10 cents on rights issue

SINGAPORE (July 28): The managers of CDL Hospitality Trusts (CDLHT) post a 4.7% decline in distribution per stapled security (DPS) of 4.10 cents for the first half ended June, from a restated DPS o

In print this week

Is it wise to invest in business trusts?

SINGAPORE (July 14): With NetLink NBN Trust marketing its $2.3 billion IPO — the largest since the US$5.5 billion offering of Hutchison Port Holdings Trust (HPHT)

Credit: Irish Times

Broker's Calls

CDL Hospitality Trusts gets a DPU kick from The Lowry

SINGAPORE (May 8): DBS is maintaining its “buy” call on CDL Hospitality Trusts with a revised target price of $1.75, translating to 13% capital upside and 6.4% yield.

Property

CDL Hospitality Trusts buys The Lowry Hotel in Manchester for $95 mil

SINGAPORE (May 4): The trustee managers of CDL Hospitality Trusts have acquired The Lowry Hotel in Manchester city centre, the UK, for a consideration of £52.9 million ($94.7 million).

Broker's Calls

Turnaround in sight for this hospitality trust as supply headwinds abate

SINGAPORE (April 27): RHB is upgrading its call on CDL Hospitality Trusts (CDL HT) from “hold” to “buy”, raising its price target to $1.62 from $1.47 previously on the belief that the hospitality R

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