Basic Profile & Key Statistics CDL Hospitality Trusts (CDLHT) is a stapled group that invests mainly in hospitality properties and currently owns 18 properties across 8 countries.
Performance Review Gross revenue, NPI, distribution to unitholders and DPU decreased YoY by 36.5%, 46.2%, 28.7% and 29.2% respectively. Distribution to unitholders in 2H is inclusive of part of the proceed from sales of Novotel Singapore Clarke Quay. REVPAR decreased YoY across all countries with Italy ranks as the worst. New Zealand has the least drop, mainly contributed by Grand Millennium Auckland which is secured with the government’s managed isolation business.
REVPAR has improved for Singapore, New Zealand, Japan and Maldives while REVPAR for UK, Germany and Italy has worsened due to the new lockdown imposed in November 2020. 

Lease Profile

WALE is long at 5.76 yearsHighest lease expiry within 5 years is slightly low at 26%...