CDL Hospitality Trusts Net Property Income Rises 10% in Q1

MT Newswires

04/30

CDL Hospitality Trusts' (SGX:J85) net property income rose 10% year over year to SG$33.1 million in the first quarter of the year from SG$30.0 million, according to a Thursday filing with the Singapore Exchange.

Gross revenue rose by 5.9% to SG$67.1 million from SG$63.4 million a year earlier, backed by growth across several portfolio markets.

Shares of the trust were down nearly 1% in Thursday trading.

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