Net property income (NPI) for the 3QFY2022 rose by 54.4% y-o-y to $31.6 million. This was mainly from the Singapore and Australia properties, which increased collectively by $15.4 million y-o-y for the quarter.
CDL Hospitality Trusts (CDLHT) has reported total revenue of $58.5 million for the 3QFY2022 ended Sept 30, up by 46.4% y-o-y. This was due to a surge in revenue for its master leases for its properties in Singapore, Italy and the UK and was offset by its master leases for its properties in the Maldives, New Zealand and Germany.
In its managed hotels, the trust saw improvements across the board.
