NPI $34.9m
Income Available For Dist $24.9m
DPU 2.08 cents
Occupancy 86.2% (Singapore)
ARR $180 (Singapore)
RevPAR $155 (Singapore)
Total Assets $2,649m
Debt $1026m
Gearing 38.7%
Interest Cover 6.4X
Avg Weighted Cost Of Debt 2.3%
NAV $1.5454
Showing posts with label CDL Trust. Show all posts
Showing posts with label CDL Trust. Show all posts
Friday, July 28, 2017
Thursday, May 4, 2017
CDL Htrust Acquire UK Hotel
Acquisition of a 5-star luxury hotel which is located in proximity to the heart of Manchester city centre
Property price of £52.5 million with a net property income yield of 7.3% for FY 2016 DPS accretion of 2.7%
Rare opportunity to acquire an iconic hotel in Manchester and gain exposure to a key beneficiary city of the Northern Powerhouse proposal
Strengthens portfolio and earnings base through diversification
The purchase consideration for the Acquisition is based on the property price of £52.5 million (approximately S$94.1 million)2, and payment of approximately £0.4 million (approximately S$0.7 million) based on the estimated net working capital and cash of the Target, as at the time of completion with the aggregate amount being approximately £52.9 million (approximately S$94.7 million). Upon completion, the aggregate leverage of CDLHT is expected to be approximately 39.1%18.
The Property is a purpose-built 5-star luxury hotel offering 165 rooms and a comprehensive suite of facilities. It is located in proximity to the heart of Manchester city centre, and approximately 16.0 km from Manchester Airport, United Kingdom’s (“UK”) best airport for the third year in a row by Globe Awards4. It is also within the vicinity of top office developments such as Spinningfields, prominent retail establishments such as Arndale Shopping Centre, one of the busiest retail malls in UK5, and entertainment hubs such as Royal Theatre Exchange, the Manchester Opera House and the Manchester Arena.
Property price of £52.5 million with a net property income yield of 7.3% for FY 2016 DPS accretion of 2.7%
Rare opportunity to acquire an iconic hotel in Manchester and gain exposure to a key beneficiary city of the Northern Powerhouse proposal
Strengthens portfolio and earnings base through diversification
The purchase consideration for the Acquisition is based on the property price of £52.5 million (approximately S$94.1 million)2, and payment of approximately £0.4 million (approximately S$0.7 million) based on the estimated net working capital and cash of the Target, as at the time of completion with the aggregate amount being approximately £52.9 million (approximately S$94.7 million). Upon completion, the aggregate leverage of CDLHT is expected to be approximately 39.1%18.
The Property is a purpose-built 5-star luxury hotel offering 165 rooms and a comprehensive suite of facilities. It is located in proximity to the heart of Manchester city centre, and approximately 16.0 km from Manchester Airport, United Kingdom’s (“UK”) best airport for the third year in a row by Globe Awards4. It is also within the vicinity of top office developments such as Spinningfields, prominent retail establishments such as Arndale Shopping Centre, one of the busiest retail malls in UK5, and entertainment hubs such as Royal Theatre Exchange, the Manchester Opera House and the Manchester Arena.
Tuesday, April 25, 2017
CDL Hospitality Trust Q1FY2017
NPI $35.9m
Income Available For Dist $24.1m
DPU 2.42 cents (1QFY16 2.22cents)
Occupancy 88.4% (Singapore)
ARR $180 (Singapore)
RevPAR $159 (Singapore)
Total Assets $2,535m
Debt $924m
Gearing 36.8%
Interest Cover 6.5X
Avg Weighted Cost Of Debt 2.4%
NAV $1.5298
Income Available For Dist $24.1m
DPU 2.42 cents (1QFY16 2.22cents)
Occupancy 88.4% (Singapore)
ARR $180 (Singapore)
RevPAR $159 (Singapore)
Total Assets $2,535m
Debt $924m
Gearing 36.8%
Interest Cover 6.5X
Avg Weighted Cost Of Debt 2.4%
NAV $1.5298
Wednesday, January 25, 2017
CDL Hospitality Trust 4QFY2016
NPI $37.7m
Income Available For Dist $30.9m
DPU 3.11 cents (4QFY15 3.01cents)
Occupancy 83.6% (Singapore)
ARR $184 (Singapore)
RevPAR $154 (Singapore)
Total Assets $2,535m
Debt $933m
Gearing 36.8%
Interest Cover 6.2X
Avg Weighted Cost Of Debt 2.5%
NAV $1.5513
Income Available For Dist $30.9m
DPU 3.11 cents (4QFY15 3.01cents)
Occupancy 83.6% (Singapore)
ARR $184 (Singapore)
RevPAR $154 (Singapore)
Total Assets $2,535m
Debt $933m
Gearing 36.8%
Interest Cover 6.2X
Avg Weighted Cost Of Debt 2.5%
NAV $1.5513
Thursday, October 27, 2016
CDL Hospitality Trust 3QFY16
NPI $34.8m
Income Available For Dist $24.2m
DPU 2.44 cents (3QFY16 3.36cents)
Occupancy 90.7%
ARR $186
RevPAR $168
Total Assets $2,525m
Debt $926m
Gearing 36.7%
Interest Cover 6.0X
Avg Weighted Cost Of Debt 2.4%
NAV $1.5586
Income Available For Dist $24.2m
DPU 2.44 cents (3QFY16 3.36cents)
Occupancy 90.7%
ARR $186
RevPAR $168
Total Assets $2,525m
Debt $926m
Gearing 36.7%
Interest Cover 6.0X
Avg Weighted Cost Of Debt 2.4%
NAV $1.5586
Thursday, July 28, 2016
CDL Hospitality Trust 2QF16
NPI $31.4m
Income Available For Dist $22.1m
DPU 2.23 cents (1HFY16 4.45cents)
Occupancy 83.5%
ARR $188
RevPAR $157
Total Assets $2,53m
Debt $919m
Gearing 35.3%
Interest Cover 5.8X
Avg Weighted Cost Of Debt 2.4%
NAV $1.5526
Income Available For Dist $22.1m
DPU 2.23 cents (1HFY16 4.45cents)
Occupancy 83.5%
ARR $188
RevPAR $157
Total Assets $2,53m
Debt $919m
Gearing 35.3%
Interest Cover 5.8X
Avg Weighted Cost Of Debt 2.4%
NAV $1.5526
Thursday, April 28, 2016
CDLH Trust 1QFY16
NPI $33.7m
Income Available For Dist $21.9m
DPU 2.22 cents
Occupancy 86.5%
ARR $199
RevPAR $172
Total Assets $2,512m
Debt $921m
Gearing 36.7%
Interest Cover 6.0X
Avg Weighted Cost Of Debt 2.5%
NAV $1.5527
Income Available For Dist $21.9m
DPU 2.22 cents
Occupancy 86.5%
ARR $199
RevPAR $172
Total Assets $2,512m
Debt $921m
Gearing 36.7%
Interest Cover 6.0X
Avg Weighted Cost Of Debt 2.5%
NAV $1.5527
Wednesday, January 27, 2016
CDL Trust 4QFY14
NPI $37.8m
Income Available For Dist $29.8m
DPU 3.01 cents
Occupancy 86.5%
ARR $199
RevPAR $172
Debt $926m
Gearing 36.4%
Interest Cover 6.6X
Avg Weighted Cost Of Debt 2.5%
NAV $1.5906
Income Available For Dist $29.8m
DPU 3.01 cents
Occupancy 86.5%
ARR $199
RevPAR $172
Debt $926m
Gearing 36.4%
Interest Cover 6.6X
Avg Weighted Cost Of Debt 2.5%
NAV $1.5906
Thursday, October 29, 2015
CDL Trust 3QFY2015
NPI $33,080,000
Income Available For Dist $25,880,000
DPU 2.36 cents
Occupany 90.2%
ARR $201
RevPAR $181
Debt $930m
Gearing 36.5%
Interest Cover 6.6X
Avg Weighted Cost Of Debt 2.6%
NAV $1.586
Income Available For Dist $25,880,000
DPU 2.36 cents
Occupany 90.2%
ARR $201
RevPAR $181
Debt $930m
Gearing 36.5%
Interest Cover 6.6X
Avg Weighted Cost Of Debt 2.6%
NAV $1.586
Thursday, July 30, 2015
CDL Trust 2QFY2015
NPI $31,621,000
Income Available For Dist $24,602,000
DPU 2.25 cents
Occupany 86.5%
ARR $200
RevPAR $173
Debt $775m
Gearing 32.0%
Interest Cover 6.8X
Avg Weighted Cost Of Debt 2.7%
NAV $1.6185
Income Available For Dist $24,602,000
DPU 2.25 cents
Occupany 86.5%
ARR $200
RevPAR $173
Debt $775m
Gearing 32.0%
Interest Cover 6.8X
Avg Weighted Cost Of Debt 2.7%
NAV $1.6185
Thursday, April 30, 2015
CDL Hospitality Trust 1QFY2015
NPI $34,497,000
Income Available For Dist $26,632,000
DPU 2.44 cents
Occupany 87.7%
ARR $197
RevPAR $173
Debt $786m
Gearing 32.3%
Interest Cover 7.5X
Avg Weighted Cost Of Debt 2.7%
NAV $1.615
CDL Hospitality Trust currently faces headwind in Australia and NZ due to the soft Aussie economy and currency depreciation vis-Ã -vis the SG$.Singapore market also show little growth. The only upside is that the two newly acquired Japanese Hotels will help lift DPU from Q4FY2015 onwards.
Income Available For Dist $26,632,000
DPU 2.44 cents
Occupany 87.7%
ARR $197
RevPAR $173
Debt $786m
Gearing 32.3%
Interest Cover 7.5X
Avg Weighted Cost Of Debt 2.7%
NAV $1.615
CDL Hospitality Trust currently faces headwind in Australia and NZ due to the soft Aussie economy and currency depreciation vis-Ã -vis the SG$.Singapore market also show little growth. The only upside is that the two newly acquired Japanese Hotels will help lift DPU from Q4FY2015 onwards.
Tuesday, January 27, 2015
CDL Hospitality Trust 4QFY14
NPI $38,647,000
Income Available For Dist $37,705,000
DPU 3.13 cents
Occupany 90%
ARR $205
RevPAR $185
Debt $777m
Gearing 31.7%
Interest Cover 8.6X
Avg Weighted Cost Of Debt 2.3%
NAV $1.645
Monday, October 27, 2014
CDL Hospitality Trust 3QFY14
Revenue = $40,113m
NPI = $33,823m
Debts/Asset Ratio = 30.2%
Total Assets = $2,316m
Interest Cover = 8.3
DPU = 2.61 cents (3QFY13 2.63 cents)
Singapore Hotels
Occupancy 92%
ARR $209
RevPAR $192
NPI = $33,823m
Debts/Asset Ratio = 30.2%
Total Assets = $2,316m
Interest Cover = 8.3
DPU = 2.61 cents (3QFY13 2.63 cents)
Singapore Hotels
Occupancy 92%
ARR $209
RevPAR $192
Thursday, July 24, 2014
CLDT 2QFY2014
Revenue = $37,850m
NPI = $31,334m
Debts/Asset Ratio = 29.5%
Total Assets = $2,345m
Interest Cover = 8.4
DPU = 5.25 cents (1HFY2014)
Singapore Hotels
Occupancy 86.1%
ARR $211
RevPAR $181
Tuesday, January 28, 2014
CDL Trust 4QFY3013
Revenue = $39,424,000
NPI = $36,460,000
Income Available For Dist = $31,644,000
Occupany = 87%
ARR = $215
RevPAR = $187
Gearing = 29.7%
NAV = $1.63
EPS = 2.92 cents
DPU = 4.63 cents (1th Jul 2013 - 31th Dec 2013)
NPI = $36,460,000
Income Available For Dist = $31,644,000
Occupany = 87%
ARR = $215
RevPAR = $187
Gearing = 29.7%
NAV = $1.63
EPS = 2.92 cents
DPU = 4.63 cents (1th Jul 2013 - 31th Dec 2013)
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