CDL Hospitality Trusts' (SGX:J85) total distribution per stapled security or DPS fell 12% year over year in the second half of 2024 to SG$0.0281 from SG$0.0319 a year earlier, according to a filing with the Singapore Exchange on Monday.
Total distribution to stapled securityholders stood at SG$35.4 million, down 11% year over year from SG$39.8 million in the comparable period.
Net property income declined 9% to SG$68.7 million from SG$75.5 million a year earlier.
Revenue was down 4% year over year to SG$132.9 million from SG$138.3 million in the year-ago period, as demand in some markets continued to normalize. Analysts polled by Visible Alpha projected revenue of SG$156.1 million.
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