CDL H-Trust Updated Target Price following Q1 2011 result release

CDL H-Trust Updated Target Price following Q1 2011 result release:

Brokerage	Recommendation	Target Price (S$)	Date
DMG	BUY	2.46	27/04/11
CIMB	NEUTRAL	2.14	27/04/11

Latest updates at Stock Target Price.

Related Posts

• CDL H-Trust Q1 2011 Quarterly Earnings Report

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 

CDL H-Trust - Date of Result Release for Q1 2011

Updated date of Result Release for Q1 2011:
CDL H-Trust Apr 26

Latest Update at Results Release.

CDL H-Trust, Plife, FCT, CacheLog, MapletreeLog Updated Target Price by DBS

CDL H-Trust, Plife, FCT, CacheLog, MapletreeLog Updated Target Price by DBS:

REIT	Brokerage	Recommendation	Target Price (S$)	Date
CDL H-Trust	DBS	BUY	2.300	09/03/11
MapletreeLog	DBS	BUY	1.070	09/03/11
FCT	DBS	BUY	1.730	09/03/11
Plife	DBS	BUY	1.900	09/03/11
CacheLog	DBS	BUY	1.110	09/03/11

Latest updates at Stock Target Price.

CDL H-Trust - Proposed Acquistion and Master Lease of Studio M Hotel Singapore

CDL H-Trust - Proposed Acquistion and Master Lease of Studio M Hotel Singapore:

• Press Release
• Announcement 
• Presentation Slides

Key Points

• Purchase Consideration values Studio M Hotel at S$154.0 million or approximately S$428,000 per key.
• Hotel achieved impressive occupancy of 88.9% in 2010 despite only operating for seven full months.
• Well-located property with contemporary design set to capture growing business and leisure segments in Singapore’s burgeoning tourism and hospitality industry.
• Broadens earnings base, enhances overall portfolio stability and returns to Stapled Security Holders.
• The Purchase Consideration will be initially fully funded through debt financing via H-REIT’s acquisition facilities. This could be partly or wholly refinanced with the proceeds to be raised from issuing notes through H-REIT’s recently established S$1.0 billion Multi-Currency Medium Term Note Programme or other means, at such time to be determined by the H-REIT Manager. 
• Post-Acquisition, H-REIT’s debt-to-assets ratio will be approximately 26.5%.

Related Posts

• CDL H-Trust Q4 2010 Quarterly Earnings Report

CDL H-Trust Q4 2010 Quarterly Earnings Report

CDL H-Trust Q4 2010 Quarterly Earnings Report:

• Press Release
• Financial Statements
• Presentation Slides

Key Points

• DPU for the reporting quarter is 2.78 cents after deducting income retained for working capital. Before deducting the retained income the DPU for the period is 2.92 cents.
• Semi-annual distribution of 5.31 cents per Stapled Security in H-REIT for the period from 1 July 2010 to 31 December 2010.
• Gross revenue up 33.3% to S$122.3 million for FY2010.
• Revenue per Available Room (RevPAR) up 28.0% for FY2010 for Singapore Hotels.
• Income to be distributed per Stapled Security increased by 19% for FY2010.
• Three quarters of record-high occupancy rates for Singapore Hotels.
• Poised for growth with strengthened financial position and positive demand drivers .
• Unitholders can expect to receive DPU of 5.31 cents for the six-month period from 1 July 2010 to 31 December 2010 on 28 Feb 2011. 
• The book closure date is 7 Feb 2011.
• NAV per unit of $1.52 as at 31 December 2010.
• Gearing of 20.4% as at 31 December 2010.

Author's Note
The semi-annual DPU of 5.31 cents and will be paid on 28 Feb 2011. Books closure is on 7 Feb 2011.

The DPU for the reporting quarter is 2.78 cents after deducting income retained for working capital. Note that the reit is paying less than 100% of its distributable income, which is 2.92 cents per unit.

DPU available for distribution for the previous quarter was 2.81 cents. DPU that was to be actually paid out for the previous quarter was 2.54 cents.


Related Posts

• Results Release 
• DPU Information Page 
• CDL H-Trust Q3 2010 Quarterly Earnings Report

Fortune Reit, CDL H-Trust - Date of Result Release for Q4 2010

Updated date of Result Release for Q4 2010:

Fortune Reit  JAN 25
CDL H-Trust  JAN 26

Latest Update at Results Release.

Ascott, FCT, Starhill, First Reit, Suntec, Plife, CDL H-Trust - Updated Target Price

Updated Target Price:

REIT	Brokerage	Recommendation	Target Price (S$)	Date
AscottReit	DBS Vickers	BUY	1.380	07/01/11
FrasersCT	OCBC	HOLD	1.580	11/01/11
Starhill Gbl	Kim Eng	BUY	0.800	11/01/11
First Reit	OCBC	BUY	0.840	07/01/11
Suntec	OCBC	HOLD	1.550	06/01/11
PLife	CIMB	OUTPERFORM	1.960	05/01/11
CDL H-Trust	Phillip Securities	BUY	2.380	05/01/11

Latest updates at Stock Target Price.

Updated Target Price by DBS

Updated Target Price by DBS:

REIT	Brokerage	Recommendation	Target Price (S$)	Date
CacheLog	DBS Vickers	BUY	1.74	17/12/10
FrasersCT	DBS	BUY	1.11	17/12/10
MapleTreeLog	DBS Vickers	BUY	1.01	17/12/10
CDL H-Trust	DBS Vickers	BUY	2.28	17/12/10
CapitaMall	DBS Vickers	BUY	2.09	17/12/10
PLife	DBS Vickers	BUY	1.84	17/12/10
AscottReit	DBS Vickers	BUY	1.38	17/12/10

Latest updates at Stock Target Price.

CDL Hospitality Real Estate Investment Trust obtains ‘BBB-’ Investment Grade Rating Affirmation by Fitch Ratings - 3 DEC 2010

CDL Hospitality Real Estate Investment Trust obtains ‘BBB-’ Investment Grade Rating Affirmation by Fitch Ratings.

• Press Release

Key Points

• M&C REIT Management Limited, as manager of CDL Hospitality Real Estate Investment Trust (“H-REIT”) (the “H-REIT Manager”), wishes to announce that H-REIT has received a rating affirmation of investment grade Long Term Issuer Default Rating of ‘BBB-’ (BBB minus) by Fitch Ratings on 3 December 2010, with a Stable Outlook maintained.
  

CDL H-Trust Updated Target Price following Q3 2010 result release

CDL H-Trust Updated Target Price following Q3 2010 result release.

DMG	BUY	S$2.30	29/10/10
CIMB	NEUTRAL	S$2.21	29/10/10
DBS Vickers	BUY	S$2.28	01/11/10

Latest updates at Stock Target Price.

Related Posts
CDL H-Trust Q3 2010 Quarterly Earnings Report

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.

Ascendas Reit, CDL H-Trust - Date of Result Release for Q3 2010

Updated date of Result Release for Q3 2010:
Ascendas Reit   Oct 18
CDL H-Trust      Oct 29

Latest Update at Results Release.

Updated Target Price for CDL H-Trust

Updated Target Price for CDL H-Trust:

CIMB

OUTPERFORM

S$2.30

27/09/10

 
Latest updates at Stock Target Price.

Stock Target Price - Updated Target Price for CDL H-Trust following its 2Q 2010

Updated Target Price for CDL H-Trust following its 2Q 2010 Earnings Results:

Phillip Securities

HOLD

S$1.93

29/07/10

Latest updates at Stock Target Price.

Stock Target Price - Updated Target Price for CDL H-Trust following its 2Q 2010

Updated Target Price for CDL H-Trust following its 2Q 2010 Earnings Results:

DMG	BUY	S$2.30	28/07/10
DBS Vickers	BUY	S$2.14	28/07/10

Latest updates at Stock Target Price.

REIT Financial News - Q2 2010 Quarterly Earnings Report for CDL H-Trust

Second quarter 2010 results for CDL H-Trust:

• Press Release
• Financial Statements
• Presentation Slides

Key Points

• DPU available for distribution for 2Q 2010 is 2.87 cents. DPU to be actually distributed is 2.57 cents based on its 90% distribution policy.
• DPU to be distributed for 1H 2010 is 4.89 cents.
• RevPAR for Singapore Hotels increased 45.4% to S$195 for 2Q 2010.
• Sustained growth momentum with strong tourism drivers and strengthened financial position.
• CDLHT experienced high occupancies of 88.5% in 2Q 2010, exceeding previous Q2 peaks since the inception of the CDLHT while achieving strong rate increases.
• On 1 July 2010, CDLHT successfully raised S$200 million through an over-subscribed overnight private placement which resulted in a strengthened balance sheet with a gearing of 18.6%.

Author's Note
The semi-annual DPU for 1H 2010 of 4.89 cents will be paid on 27 Aug 2010. 
The book closure date was way back on 30 Jun 2010 as advance distribution for existing unit holders because of the private placement exercise in early July.

In the previous quarter, the DPU available for distribution was 2.58 cents, and the DPU to be actually paid out was 2.32 cents.

REIT Financial News - Date of Result Release for Q2 2010 for CDL H-Trust

Updated date of Result Release for Q2 2010:
CDL H-Trust   Jul 28


Latest Update at Results Release.

Stock Target Price - Updated Target Price for CDL H-Trust by CIMB

Updated Target Price for CDL H-Trust by CIMB:

CIMB OUTPERFORM   S$2.04

Latest updates at Stock Target Price.

Stock Target Price - Updated Target Price for CDL H-Trust by DBS

Updated Target Price for CDL H-Trust by DBS:

DBS BUY S$2.03

Latest updates at Stock Target Price.