Vincent Yeo, CEO of CDLHT's managers, says this was deliberate throughout 2024 “in anticipation of interest rate decreases, which have actually happened”.
Among the REITs that have released their financial results so far, CDL Hospitality Trusts (SGX:J85
) (CDLHT) stands out for its high proportion of floating rate debt.
As at Dec 31, 2024, CDLHT has 32.1% of its outstanding debt on fixed rates, while 67.9% are on floating rates.
