Occupancies for the group’s Singapore and New Zealand portfolio were supported by demand for accommodation facilities for isolation purposes.
CDL Hospitality Trusts (CDLHT) has announced total distribution per stapled security (DPS) of 1.22 cents for the 1HFY2021 ended June, 19.2% lower than DPS of 1.51 cents in the same period the year before, as the group’s portfolio continues to be impacted by the Covid-19 pandemic.
1HFY2021 gross revenue grew by 27.2% y-o-y to $66.2 million, out of which $48.3 million – or 72.96% – was contributed by the Singapore and New Zealand hotels and Maldives resorts.
