Brief: CDL Hospitality Trusts says DPU was 3.01 cents in 4Q 2015, 3.8% lower as compared to 4Q 2014

CDL Hospitality Trusts

27/01/2016 23:22

Jan 27 (Reuters) - CDL Hospitality Trusts  CDLT.SI : 
 * Says DPU was 3.01 cents in 4q 2015, 3.8% lower as compared to 4q 2014 
 * Says outlook for Singapore hospitality sector in 2016 remains uncertain 
 * Says global economic outlook looks set to be disappointing based on the 
   latest statement from the international monetary fund 
 * Says Q4 net property income of s$37.8 million versus s$38.6 million 
 * On the supply front in Singapore, industry room inventory will continue to 
   grow by an estimated 3,930 rooms in 2016 
 * Says any further slowdown in economic activities will weigh on attendant 
   demand for hotel rooms in Singapore 
 * For 2016, continue to maintain a cautious outlook for our portfolio hotels as 
   a result of the macro uncertainty" 
 
* Source text for Eikon  ID:nSNZbGJTGH  
 
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