Trade CDL HTrust - J85sg CFD

CDL HTrust Company profile

About CDL Hospitality Trusts

CDL Hospitality Trusts is a hospitality trust. The Company is a stapled group consisting of CDL Hospitality Real Estate Investment Trust (H-REIT), a real estate investment trust, and CDL Hospitality Business Trust (HBT), a business trust. It invests in a portfolio of real estate which is primarily used for hospitality, hospitality-related, and other accommodation and/or lodging purposes globally. It owns over 18 operational properties with a total of approximately 4,631 rooms, consisting of over six hotels in Singapore; two hotels in Perth, Australia; two hotels in Japan’s gateway city of Tokyo; one hotel in New Zealand’s gateway city of Auckland; two hotels in the United Kingdom; one hotel in Germany’s gateway city of Munich; one hotel in the city center of Florence, Italy; two resorts in Maldives; and a retail mall. The Company also owns one Build-to-Rent project in the pipeline with approximately 352 apartment units.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, CDL Hospitality Trusts revenues increased 34% to SP$157.7M. Net income totaled SP$67.9M vs. loss of SP$188M. Revenues reflect Daily Room Rate (ADR) - Domestic -6 SG increase of 6% to SP$112, Hotel Revenue increase from SP$37.9M to SP$80.8M. Net Income reflects Net Operating Income (NOI) - Maldives increase from -SP$2.6M to SP$8.1M.