CDL H-Trust Q1 2011 Quarterly Earnings Report

CDL H-Trust Q1 2011 Quarterly Earnings Report:

• Press Release
• Financial Statements
• Presentation Slides

Key Points

• DPU for the reporting quarter is 2.38 cents after deducting income retained for working capital. Before deducting the retained income the DPU for the period is 2.64 cents.
• Gross revenue up 21.4% to S$32.3 million. 
• Revenue per Available Room (RevPAR) up 12.1% to S$195 for Singapore Hotels.
• Record 1Q occupancy rate of 85.7%.
• Proposed acquisition of Studio M Hotel to increase CDLHT’s exposure to the buoyant Singapore tourism market.
• NAV per unit of $1.49 as at 31 March 2011.
• Aggregate Leverage of 20.7% as at 31 March 2011.

Author's Note
The DPU for the reporting quarter is 2.38 cents after deducting income retained for working capital. Note that the reit is paying less than 100% of its distributable income, which is 2.64 cents per unit.

There will be no distribution for this quarter as the Reit adopts a semi-annual distribution policy.

DPU available for distribution for the previous quarter was 2.92 cents. DPU that was to be actually paid out for the previous quarter was 2.78 cents.

Related Posts

• Results Release 
• DPU History
• CDL H-Trust Q3 2010 Quarterly Earnings Report 
• CDL H-Trust Q4 2010 Quarterly Earnings Report