On 30 July 2024, CDL Hospitality Trusts (“CDLHT”) have announced their half year result for FY2024. DPU growth have remained flat for this half of the year, mainly impacted by the higher financing costs despite increases in revenue per available room. This might change over the next few quarters as CDLHT look to refinance their debt, which have a notably short debt maturity profile as of 30 June 2024. This may be favorable to them, as there are expectations of interest rate cuts over the next few months. This might allow them to refinance at lower interest rates which will in turn support their interest coverage and DPU growth. Investors will need to monitor if there are any changes over the next few months. Website: Financial Statements and Related Announcement::Half Yearly Results Website: Financial Statements and Related Announcement::Half Yearly Results Photo source: https://www.businesstimes.com.sg/companies-markets/cdl-hospitality-trusts-h2-dps-173-s00359-continued-global-travel-recovery Background CDLHT is one of Asia’s...