CDL Hospitality Trusts - DBS Research 2025-02-03: Watch For Maiden Contributions From UK Acquisitions

• CDL Hospitality Trusts reported 2H24 gross revenue of S$132.9mil (-4% y-o-y) with the further normalisation of travel in key markets and ongoing asset enhancement work at two properties. Net property income (NPI) declined 9.0% y-o-y to S$68.7mil due to higher operating expenses in the UK and higher interest expenses overall.
• - Read this at SGinvestors.io -

Top beneficiary of 2025 interest cuts.

• - Read this at SGinvestors.io -
• CDL Hospitality Trusts forecasts flat interest costs for FY25 (currently at 3.0%) but anticipates potential savings, as 34% of its loan book is due for refinancing in 2025 and it has a low fixed-hedge profile of 32%.

Singapore hotel growth remains neutral as supply overhang looms.

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Previous report by DBS:
2024-07-31 CDL Hospitality Trusts - Restarting Growth Engines.

Price targets by other brokers at CDL Hospitality Trusts Target Prices.

Listing of research reports at CDL Hospitality Trusts Analyst Reports.

Relevant links:
CDL Hospitality Trusts Share Price History,
CDL Hospitality Trusts Announcements,
CDL Hospitality Trusts Dividend Payout Dates & Corporate Actions,
CDL Hospitality Trusts News