Growth And RevenueThe organic growth outlook remains strong, underpinning a c.10% two-year CAGR in DPU on the back of the resumption of travel demand.
Hospitality Sector PerformanceCDLHT continues to be one of the top hospitality S-REITs to benefit and ride on record-high RevPARs in Singapore, with hotels in prime locations, and is well positioned within both the leisure and corporate travel segments in Singapore.
Investment And AcquisitionThe acquisition of Benson Yard is attractive as it is priced about 18% below replacement cost and includes adjacent land for future development.