Financial PerformanceThe UK hotel portfolio accounted for approximately 15% of net property income, with revenue per average room rising and net property income increasing by 27% year-over-year.
Management OutlookManagement expects stronger 2H from asset stabilisation, rate cuts, and tourism tailwinds, though macro and supply-side risks linger.
Market PositionCDLHT continues to be one of the top proxies within the S-REIT space for a turn in interest rates.