CDL Hospitality Trusts

J85

SG1T66931158

Specialized REITs

Market Closed - Singapore S.E. Other stock markets 05:04:34 2024-04-26 am EDT			5-day change	1st Jan Change
0.965 ^SGD	-1.53%		+2.66%	-13.06%

Feb. 02	UOB Kay Hian Adjusts CDL Hospitality Trusts' Price Target to SG$1.48 From SG$1.57, Keeps at Buy	MT
Feb. 02	Maybank Securities Adjusts CDL Hospitality Trusts' Price Target to SG$1.10 From SG$1.05, Keeps at Buy	MT

CDL Hospitality Trusts Reports Earnings Results for the Full Year Ended December 31, 2023

January 29, 2024 at 06:31 pm EST

CDL Hospitality Trusts reported earnings results for the full year ended December 31, 2023. For the full year, the company reported net income was SGD 123.21 million compared to SGD 215.28 million a year ago. Basic earnings per share from continuing operations was SGD 0.0991 compared to SGD 0.1743 a year ago.

Diluted earnings per share from continuing operations was SGD 0.0984 compared to SGD 0.1735 a year ago.

Latest news about CDL Hospitality Trusts

UOB Kay Hian Adjusts CDL Hospitality Trusts' Price Target to SG$1.48 From SG$1.57, Keeps at Buy	Feb. 02	MT
Maybank Securities Adjusts CDL Hospitality Trusts' Price Target to SG$1.10 From SG$1.05, Keeps at Buy	Feb. 02	MT
CDL Hospitality Trusts' DPS Falls 11.1% in H2 2023	Jan. 30	MT
CDL Hospitality Trusts Announces Cash Dividend for the Period from 1 July 2023 to 31 December 2023, Payable on 29 February 2024	Jan. 29	CI
CDL Hospitality Trusts Reports Earnings Results for the Full Year Ended December 31, 2023	Jan. 29	CI
Singapore Stocks End Week in Red; CDL Hospitality Trusts' Shares Climb 3% as Q3 Net Property Income Rises 23%	23-10-27	MT
CDL Hospitality Trusts' Net Property Income Rises 23% in Q3	23-10-26	MT
UOB Kay Hian Adjusts CDL Hospitality Trusts' Price Target to SG$1.48 From SG$1.55, Keeps at Buy	23-09-14	MT
RHB Bank Singapore Upgrades CDL Hospitality Trusts to Buy From Neutral After Recent Selloff, Keeps Price Target at SG$1.25	23-09-06	MT
CDL Hospitality Trusts' DPS Swells 23% in H1	23-07-28	MT
CDL Hospitality Trusts Declares Cash Dividend for the Period from 1 January 2023 to 30 June 2023, Payable on 29 August 2023	23-07-27	CI
CDL Hospitality Trusts Reports Earnings Results for the Half Year Ended June 30, 2023	23-07-27	CI
CGS-CIMB Research Adjusts CDL Hospitality Trust's Price Target to SG$1.54 From SG$1.58, Keeps at Add	23-06-14	MT
UOB Kay Hian Adjusts CDL Hospitality Trusts’ Price Target to SG$1.55 From SG$1.47, Keeps at Buy	23-05-02	MT
Singapore Stocks End Week in Red; CDL Hospitality Trusts Shares Climb 3% as Net Property Income Rises 35% in Q1	23-04-28	MT
CDL Hospitality Trusts' Net Property Income Rises 35% in Q1	23-04-27	MT
CGS-CIMB Research Adjusts CDL Hospitality Trusts' Price Target to SG$1.58 From SG$1.30, Keeps at Add	23-02-01	MT
DBS Adjusts CDL Hospitality Trusts' Price Target to SG$1.60 From SG$1.35, Keeps at Buy	23-02-01	MT
RHB Adjusts CDL Hospitality Trusts' Price Target to SG$1.25 From SG$1.15, Keeps at Neutral	23-02-01	MT
CDL Hospitality Trusts Issues Over 1 Million Stapled Securities as Payment of Management Fee	23-01-30	MT
Singapore Stocks Start Week in Red; Parkway Life REIT Shares Jump 2% as DPU Rises 2.7% in H2 2022	23-01-30	MT
CDL Hospitality Trusts' DPS Rises 17% in H2 2022	23-01-29	MT
CDL Hospitality Trusts Reports Earnings Results for the Full Year Ended December 31, 2022	23-01-29	CI
CDL Hospitality Trusts Reports Earnings Results for the Full Year Ended December 31, 2022	23-01-29	CI
CDL Hospitality REIT Unit Renews Lease Agreement for Maldives Resort	22-12-15	MT

Chart CDL Hospitality Trusts

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Company Profile

CDL Hospitality Trusts is a Singapore-based hospitality trust. The Company is a stapled group comprising CDL Hospitality Real Estate Investment Trust (H-REIT), which is a hotel real estate investment trust in Singapore, and CDL Hospitality Business Trust (HBT), which is a business trust. The principal activity of H-REIT and its subsidiaries is to invest in income-producing real estate and real estate-related assets. The principal activity of HBT and its subsidiaries is to invest in a diversified portfolio of real estate or development projects and real estate-related assets. The Company owns approximately 19 operational properties, comprising 16 hotels in Singapore, Australia, New Zealand, Japan, United Kingdom, Germany and Italy; two resorts in the Maldives; and a retail mall in Singapore. The portfolio of hotels comprises a total of approximately 4,821 rooms and is operated by lessees and/or hotel managers, which include reputable and/or international hotel groups.

Sector

Specialized REITs

Calendar

2024-04-29 - Q1 2024 Sales and Revenue Release - Operational Update

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Ratings for CDL Hospitality Trusts

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

0.965 SGD

Average target price

1.116 SGD

Spread / Average Target

+15.63%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Hospitality REITs

	1st Jan change	Capi.
CDL HOSPITALITY TRUSTS	-13.06%	883M
VICI PROPERTIES, INC.	-10.70%	29.7B
HOST HOTELS & RESORTS, INC.	-3.13%	13.27B
GAMING AND LEISURE PROPERTIES, INC.	-13.96%	11.53B
RYMAN HOSPITALITY PROPERTIES, INC.	-2.73%	6.34B
APPLE HOSPITALITY REIT, INC.	-9.69%	3.64B
PARK HOTELS & RESORTS INC.	+8.30%	3.49B
CAPITALAND ASCOTT TRUST	-9.09%	2.49B
JAPAN HOTEL REIT INVESTMENT CORPORATION	+19.51%	2.44B
COVIVIO HOTELS	-8.54%	2.37B

Hospitality REITs