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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
November 25, 2019
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
November 22, 2019
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
November 22, 2019
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.
November 21, 2019
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
November 21, 2019
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.
November 04, 2019
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
August 01, 2019
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.
July 31, 2019
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.
July 30, 2019