CDL H-Trust Q3 2010 Quarterly Earnings Report

Q3 2010 results for CDL H-Trust:

• Press Release
• Financial Statements 
• Presentation Slides

Key Points

• DPU for the reporting quarter is 2.54 cents after deducting income retained for working capital. Before deducting the retained income the DPU for the period is 2.81 cents.  
• Highest ever quarterly occupancy rate of 91.6% since IPO.
• RevPAR growth for Singapore Hotels up 31.2% to S$199 for 3Q 2010.
• Gearing level of 21.1% as at 30 September 2010.
• NAV per unit of S$1.46 as at 30 September 2010.
• Fitch Rating of BBB-.

Author's Note
The DPU for the reporting quarter is 2.54 cents after deducting income retained for working capital. Note that the reit is paying less than 100% of its distributable income, which is 2.81 cents per unit. There will not be any distribution this quarter as the reit has a semi-annual distribution policy.

DPU available for distribution for the previous quarter 2.87 cents. DPU that was actually paid out for the previous quarter was 2.57 cents.