For 1HFY2025, gross revenue declined by 1.8% y-o-y to $125.1 million as most portfolio markets performed softer, with the exception of the UK, Japan and Australia, which recorded revenue growth.
In 1HFY2025, CDL Hospitality Trusts (CDLHT) reported distribution per stapled security (DPS) of 1.98 cents, down 21.1% y-o-y, and total distributions of $25.1 million after retention for working capital, down 20.2% y-o-y.
The decline was partly attributed to The Castings, where NPI during the ramp-up phase was insufficient to cover the associated interest costs. This, together with the decline in overall NPI and higher total interest costs contributed to the lower distribution and DPS. Annualised DPS yield based on CDLHT's July 29 closing is 4.66%.
