CDL Hospitality Trusts (CDLHT)

Broker's Calls

Liang Court redevelopment a 'four-way win' for local real estate heavyweights, says DBS

SINGAPORE (Nov 25): As property heavyweights CapitaLand, City Developments (CDL), CDL Hospitality Trusts (CDLHT) and Ascott Residence Trust (Ascott REIT) band together to in a bid to redevelop the Liang Court site into an integrated development, market wa

Broker's Calls

Brighter days ahead for CDL Hospitality Trusts amid 'well-structured asset swap': analysts

The divestment of NCQ at $375.9 million to a consortium including joint venture vehicles of CDL, Capitaland, and its sponsor, the parent company of Millennium & Copthorne Hotels (M&C) was announced on Thursday.  See: City Dev, CapitaLand lead consorti

REITs

Liang Court redevelopment in spotlight as CapitaLand moves to recycle capital

SINGAPORE (Nov 25): CapitaLand has been busy with transactions this month. First, it proposed on Nov 1 to divest 28 US campus properties and two business parks in Singapore to Ascendas Real Estate Investment Trust (Ascendas REIT). On Nov 20, the develop­

M&A

CDL Hospitality Trusts to acquire Sentosa Cove hotel for $324 mil

SINGAPORE (Nov 21): The managers of CDL Hospitality Trusts (CDLHT) is looking to acquire the 240-room W Singapore – Sentosa Cove for $324.0 million.
CityDev, CapitaLand lead consortium to redevelop Liang Court site at Clarke Quay

Property

CityDev, CapitaLand lead consortium to redevelop Liang Court site at Clarke Quay

SINGAPORE (Nov 21): The iconic Liang Court site along River Valley Road has seen better days. But now, the 35-year-old property could get a facelift in a massive deal involving City Developments (CDL), CapitaLand, Ascott Residence Trust (Ascott REIT) and

Investing ideas

CDL Hospitality Trusts remains top pick despite 3Q DPS dip

SINGAPORE (Nov 4): Analysts from Maybank Kim Eng Research and RHB Group Research are keeping their “buy” recommendations on CDL Hospitality Trusts, despite the REIT stumbling in its recent 3Q19 results.

Yield watch

GDP slowdown and trade war take their toll on local hospitality sector

SINGAPORE (Aug 5): On July 30, CDL Hospitality Trusts, Far East Hospitality Trust, Ascott Residence Trust and ARA US Hospitality Trust released their 2QFY2019 results before the market opened. Performance was varied (see Table 1), with CDLHT’s distribut

Investing ideas

CDLHT set for 2H rebound on asset reconstitution and acquisitions

SINGAPORE (July 31): CDL Hospitality Trusts (CDLHT) reported a 3.3% dip in distribution per stapled security for the 2Q19 ended June.

Results

CDLHT posts 3.3% lower 2Q19 DPSS of 2.07 cents on lower sales, retention of distributions

SINGAPORE (July 30): The manager of CDL Hospitality Trusts has declared a distribution per stapled security of 2.07 cents 2Q19 ended June, down 3.3% from 2.14 cents the same period a year ago.
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