On 30 January 2024, CDL Hospitality Trusts (“CDLHT”) have announced their 2023 full year result. Given the consistency of revenue earned over the last 18 months, it would appear as if the operations of CDLHT have returned to normal. This should provide investors assurance that the hospitality asset class is now stable. The only main factor currently affecting DPU are finance costs, which similar to other REITs, is likely to remain high over the next few quarters.
Website: Financial Statements And Related Announcement::Full Yearly Results
Background
CDLHT is one of Asia’s leading hospitality trusts. It comprises CDL Hospitality Real Estate Investment Trust (“H-REIT”), a real estate investment trust, and CDL Hospitality Business Trust (“HBT”), a business trust. CDLHT was listed on the Mainboard of the Singapore Exchange Securities Trading Limited on 19 July 2006, with H-REIT being the first hotel real estate investment trust in Asia
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