/CDL HT

CDL Hospitality Trust’s net property income grew 35% YoY in Q1

The highest net property income (NPI) increase comes from Singapore.

The CDL Hospitality Trust (CDLHT) posted an NPI of $32.6m in Q1 2023, about 35% higher than $24.2m in Q1 2022.

The highest growth was from Singapore businesses with $19.5m which grew 82.5% YoY whilst New Zealand businesses posted a 44.6% decline with $2.7m in Q1 2023.

The debt maturity profile for documentation is currently in progress to refinance the $120m debt expiring in June 2023. 

Ahead of the refinancing, CDLHT entered into an interest rate swap to partially hedge against the interest rate volatility

The Q1 2023 RevPAR growth YoY, is driven by the increase in occupancy and average rate.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!