CDL Hospitality Looking to Diversify

News about CDL Hospitality Trusts

It's an understatement to say that the hospitality REITs have been badly hurting lately, with the sector now being 18 months in deep coma. In order to be less reliant on foreign visitors, the management of CDL Hospitality Trust is now announcing its desire to diversify by adding "other lodging facilities and properties used for rental housing, co-living, student accommodation and senior housing" to its principal investment strategy.

CDL Hospitality Trusts
Price1.070 SGD
NAV1.321 SGD
Yield (4 quarters)4.36%
Gearing39.1%