Morningstar - CDL Hospitality Trusts (J85) Addition of a Munich Hotel Lifts CDL Hospitality Trusts 3Q Result

Report

Morningstar

Michael Wu

EUR 101.80 For Business Accounts Only

Addition of a Munich Hotel Lifts CDL Hospitality Trust's 3Q Result

Similar to the second quarter, the addition of another hotel--this time in Munich--lifted CDL Hospitality Trust's third-quarter result. The remaining portfolio performed in line with our expectations. Distributable income after retention for working capital was lower at SGD 0.0229 compared with last quarter and the same period last year on a rights issue. Excluding the rights issue, distributable income would be 12% higher on last year from the contribution of the Munich and Lowry Hotel in the U...

27/10/2017 13 EN

Underlying

CDL Hospitality Trusts

CDL Hospitality Trusts is a stapled group comprising CDL Hospitality Real Estate Investment Trust (H-REIT) and its subsidiaries and CDL Hospitality Business Trust (HBT) and its subsidiaries. HBT is a business trust managed by M&C Business Trust Management Limited. The principal activity of H-REIT and its subsidiaries is to invest in income producing real estate and real estate related assets, which are used for hospitality and hospitality related purposes. As at Dec. 31, 2014, Co. had a portfolio of 4,709 hotel rooms in the Asia Pacific, comprising six hotels and a retail mall in Singapore, five hotels in Australia, one hotel in New Zealand, two resorts in Maldives and two hotels in Japan.

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SG1T66931158 Singapore Exchange Singapore

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Michael Wu

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Dropping Coverage of CDL Hospitality Trusts

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Addition of a Munich Hotel Lifts CDL Hospitality Trust's 3Q Result

Ascendas Real Estate Investment Trust - Mergers & Acquisitions (M&A), Partnerships & Alliances

With a more favourable environment, CDL HOSPITALITY TRUSTS improves to Slightly Positive

Dropping Coverage of CDL Hospitality Trusts

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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