CDL Hospitality Trusts (CDLHT)

SINGAPORE (Oct 27): The trustee-managers of CDL Hospitality Trusts (CDLHT) has announced a Distribution per Stapled Security (DPSS) for 3Q17 of 2.29 cents, down 3% compared to 2.36 cents in 3Q16.

SINGAPORE (July 12): RHB Research expects Singapore’s hospitality sector to finally turn around in 2018, on the back of easing hotel supply, continued visitor arrival growth, and a pick-up in corporate activities.

SINGAPORE (June 29): RHB is maintaining its “buy” call on CDL Hospitality Trusts (CDLHT) with a target price of $1.70 given income diversification and stability from its latest German hotel property acquisition.

SINGAPORE (June 27): CDL Hospitality Trusts (CDLHT) announced Tuesday that it has entered into an agreement to acquire a 94.5% stake in the Pullman Hotel Munich in Germany for €98.9 million ($153.8 million).

SINGAPORE (May 30): A delay in the expected launch of several hotels in the second quarter could help give hospitality REITs some breathing room amid declining revenue per available room (RevPAR), OCBC Investment Research says.

SINGAPORE (Nov 1): DBS Group Research says CDL Hospitality Trusts’ Singapore operations continue to be impacted by an oversupply of hotel rooms, but believes the REIT offers “outstanding” long-term value.

SINGAPORE (Oct 28): The manager of CDL Hospitality Trusts (CDLHT) has announced a 3Q DPS or distribution per stapled security of 2.44 cents, up 3.4% from 2.36 cents a year ago on the back of a 10.5% in revenue to $45.4 million.

SINGAPORE (Aug 1): An increase in visitor arrivals to Singapore has failed to lift CDL Hospitality Trusts (CDLHT), as corporate demand remains weaker compared to last year, according to Daiwa Capital Markets.

SINGAPORE (July 29): CDL Hospitality Trusts (CDL HT) has declared a distribution per stapled security of 2.23 cents for 2Q16, 0.9% lower than the DPS of 2.25 cents in 2Q15.