CDL Hospitality Trusts Q3 net property income rises 7.1% to $36.7 million

CDL Hospitality Trusts (CDLHT) reported a 7.1% year-on-year increase in net property income (NPI) to $36.7 million for the third quarter ended September 30, driven by stronger contributions from its UK, New Zealand, Australian, and European properties. Revenue rose 4.1% to $72 million, with the UK portfolio recording the largest increase in NPI, rising $1.2 million year on year.

NPI from Grand Millennium Auckland more than trebled to $1.3 million following refurbishment works, while Singapore's NPI fell 1.6% to $21.5 million due to the absence of F&B revenue from the 2025 World Aquatics Championships and renovation works at M Hotel. The group's NPI for the first nine months of 2026 rose 3.8% to $96.4 million, while revenue increased 2.4% to $198.9 million.

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