CDL Hospitality Trusts - RHB Research 2026-05-04: Limited Impact; BUY

• While CDL Hospitality Trusts (SGX:J85)’s 1Q financials were in line, its outlook has turned slightly cloudy due to the Middle East conflict. Nonetheless, its core Singapore market remains relatively better positioned, owing to new demand drivers and limited supply.

• - Read this at SGinvestors.io -

Singapore core market mitigating overseas volatility…

• CDL Hospitality Trusts’s Singapore portfolio (57% of NPI) RevPAR (1Q) grew 6.6% y-o-y, driven mainly by higher occupancy while average daily rate (ADR) stood flat. Management guided that based on current booking trends, it sees limited impact from the Middle East conflict barring some cancellations and a shorter booking window.

• - Read this at SGinvestors.io -

• On the bright side, CDL Hospitality Trusts’s UK living sector assets saw a strong 69% y-o-y NPI growth driven by asset stabilisation and higher demand. Germany and Italy hotels also registered a strong 1Q performance.

…augmented by sharply lower debt costs.

• Read more at SGinvestors.io.

Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.

Previous report by RHB:
2026-02-02 CDL Hospitality Trusts - Improving Outlook; Upgrade To BUY.

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