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CDLHT's 1HFY2022 distribution up 67.2% y-o-y to 2.04 cents

The Edge Singapore
The Edge Singapore • 2 min read
CDLHT's 1HFY2022 distribution up 67.2% y-o-y to 2.04 cents
W Sentosa, one of the properties under CDLHT / Photo: Samuel Isaac Chua
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CDL Hospitality Trusts has reported a distribution per stapled security of 2.04 cents for 1HFY2022, up 67.2% y-o-y, as travel demand resumes.

The distribution will go ex on Aug 5 and be paid on Aug 30.

Net property income improved by 37.8% y-o-y to $51 million; revenue was up 49% over the same period to $98.6 million.

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