CDL Hospitality Trusts 1H FY26 DPS rises 8.6% to 2.15 Singapore cents; revenue climbs 1.4% to S$126.86 million
Reuters2026/07/29 23:33- CDL Hospitality Trusts lifted 1H 2026 distribution per stapled security 8.6% to 2.15 cents; total distribution rose 9.7% to S$27.51 million.
- Revenue edged up 1.4% to S$126.86 million; net property income increased 1.8% to S$59.65 million.
- Funding costs fell 14.5% to support payouts, on lower floating interest rates and proactive interest rate management.
- Singapore hotels RevPAR climbed 4.1% as a strong first quarter offset a softer second quarter; occupancy rose 3.5 percentage points to 76.7%.
- Management expects further funding cost savings in 2H 2026 versus a year earlier; M Hotel renovation targets 3Q 2027 completion.
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