CDL Hospitality Trusts' Q3 NPI shrinks 57.4%

Singapore

CDL Hospitality Trusts' (CDLHT) total revenue from master leases and managed hotels across all its markets decreased 38.7 per cent year on year to S$30.1 million for the third quarter ended Sept 30.

Net property income (NPI) shrank 57.4 per cent to S$15.2 million from the year-ago period, the stapled hospitality group's managers said in an operational update on Friday.

This came as most of CDLHT's properties, with the exception of a New Zealand …

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