CDL Hospitality Trusts
J85.SI : Singapore Exchange
0.970
+0.52%
Share Price in SGD. As of 26 Jul 17:04:43 SGT
All
Chart
Key stats
- 52-Week HighSGD 1.200
- 52-Week LowSGD 0.930
- Market CapSGD 1.2B
- Avg Volume1.6M
- P/E Ratio (TTM)9.70
- Forward Dividend Yield6.2%
Share Price Performance
J85.SI | Market
| |
---|---|---|
1 Day | 0.52% | 0.24% |
5 Day | -1.52% | -0.31% |
1 Month | 1.04% | 2.49% |
6 Month | -5.83% | 9.02% |
YTD | -12.61% | 6.08% |
1 Year | -6.73% | 6.50% |
5 Year | -40.85% | 9.82% |
Beansprout Analysis
Beansprout's Checklist
-
Change in REVPAR of 76.2% is higher than sector average of 72.4%
-
Net property income yield of 4.18% is lower than its dividend yield of 6.2%
-
Gearing Ratio of 0.38x is higher than sector average of 0.37x
-
Interest Coverage Ratio of 2.7x is above 2.5x
-
Net Book Value of $1.50 is higher than its net book value of $1.44 in the previous year
-
Dividend Yield of 6.2% is lower than sector average of 7.9%
-
Distribution per unit growth is 1.20%
-
Price to Book of 0.64x is higher than sector average of 0.62x
Compare REITs
Have another REIT in mind?
Select a REIT to compare with CDL Hospitality Trusts
Revenue Breakdown by Asset
Revenue Breakdown by Geography
Market Analysis
Consensus Share Price Target
Price Target: $1.122
Source: SGX as of 27 Jul 2024
Analyst Ratings
CGS-CIMB
30 Oct 2023
Add
1.430
(prev 1.550)
DBS Research
05 Dec 2023
Buy
1.550
Maybank Research
06 Jun 2024
Buy
1.100
RHB Invest
26 Jun 2024
Buy
1.200
UOB Kay Hian
21 May 2024
Buy
1.480
Analyst Reports
Valuation
Price to book (P/B) ratio
0.7
0.8
CDL Hospitality Trusts's current P/B ratio of 0.7x is lower than its historical average P/B ratio of 0.8x.
Earnings
Earnings Highlights
First Quarter 2024 Operational Update
Revenue: SGD 65.26M
Increased 7% Year-on-Year
CDLHT experienced RevPAR growth across all geographical markets, largely driven through increased occupancies.
Net Property Income (NPI): SGD 34.92M
Increased 7% Year-on-Year
Higher NPI from Singapore, Japan, Italy and Maldives offset by weaker performance in New Zealand, Australia, UK and Germany.
Leverage/Gearing: 38%
Increased 3% Year-on-Year
As at 31 March 2024, CDLHT has a healthy balance sheet, with a gearing of 37.8%.
Outlook
In Singapore, CDLHT's core market, the outlook for inbound visitor arrivals remains promising. The performance of CDLHT's overseas portfolio is expected to remain bolstered by the broad recovery in international tourism. While lagging behind conspicuously, the eventual widespread return of the Chinese visitors will be a key determinant of the recovery trajectory. The Castings, CDLHT's Build-to-Rent project in Manchester, UK, is expected to open in mid-2024 which coincides with the active leasing period in the Manchester rental market.
Sources: CDL Hospitality Trusts Financial Report
Earnings per share (EPS)
The latest earnings per share is $0.17, which is higher than the earnings per share of $0.06 in 2021.
Financials
Financial Statements
30 Jan 2024 | For period ending 31 Dec 2023 |
30 Jan 2024 | For period ending 31 Dec 2023 |
28 Jul 2023 | For period ending 30 Jun 2023 |
28 Jul 2023 | For period ending 30 Jun 2023 |
Annual Reports
27 Mar 2024 | For period ending 31 Dec 2023 |