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CDL Hospitality Trusts DPS Rises 8.6% in H1

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CDL Hospitality Trusts (SGX:J85) distribution per stapled security jumped 8.6% in the first half of the year to SG$0.0215 from SG$0.0198 a year earlier, according to a Thursday filing with the Singapore Exchange.

Total distribution to stapled securityholders rose by 9.7% to SG$27.5 million from SG$25.1 million in the prior period.

Net property income came in at SG$59.7 million from SG$58.6 million in the year-ago period.

Revenue edged up 1.4% year over year to SG$126.9 million from SG$125.1 million.

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