Want to see SG:J85 full AI Analyst Report?
Top Page
CDL Hospitality Trusts
(SGX:J85)
Select Model
Select Model
Rating:56Neutral
Price Target:
S$0.81
▲(3.72% Upside)
Action:Reiterated
Date:08/04/26
Overall score reflects moderate fundamentals weighed down by 2025 net loss, rising leverage, and weaker operating cash flow versus 2024. Technicals are neutral with mild near-term support but no clear longer-term uptrend, while valuation is helped by a strong dividend yield but offset by a negative P/E tied to recent losses.
Positive Factors
Revenue recovery
Steady revenue growth to 267.6M in 2025 indicates demand recovery across the hotel portfolio. Sustained top-line improvement supports recurring rental and variable income streams, strengthening medium-term cash generation and the trust's ability to cover operating costs and distributions.
Negative Factors
Net loss in 2025
A 2025 net loss reduces retained earnings and raises questions about the sustainability of distributions. Losses suggest non-operating costs (interest, depreciation, impairments) materially pressured the bottom line, reducing financial cushions against future demand shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery
Steady revenue growth to 267.6M in 2025 indicates demand recovery across the hotel portfolio. Sustained top-line improvement supports recurring rental and variable income streams, strengthening medium-term cash generation and the trust's ability to cover operating costs and distributions.
Read all positive factors
CDL Hospitality Trusts (J85) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$968.74M
Dividend Yield2.85%
Average Volume (3M)1.36M
Price to Earnings (P/E)―
Beta (1Y)0.80
Revenue Growth4.40%
EPS Growth-1142.86%
CountrySG
Employees142
SectorReal Estate
Sector Strength53
IndustryREIT - Hotel & Motel
Share Statistics
EPS (TTM)-0.01
Shares Outstanding1,283,104,700
10 Day Avg. Volume1,128,650
30 Day Avg. Volume1,364,321
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)0.59
Price to Sales (P/S)3.96
P/FCF Ratio26.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$0.95Price Target Upside21.79% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.06
Revenue Forecast (FY)S$273.01M
CDL Hospitality Trusts Business Overview & Revenue Model
Company Description
CDL Hospitality Trusts (CDLHT) is recognized as one of Asia's leading hospitality-focused investment entities, overseeing an asset portfolio valued at roughly S$2.9 billion as of December 31, 2020. This distinctive stapled group comprises two core...
How the Company Makes Money
CDL Hospitality Trusts makes money primarily by earning income from its hospitality real estate portfolio. The key revenue streams are: (1) rental and lease income received from operators/tenants under various hotel lease structures (e.g., fixed r...
CDL Hospitality Trusts Financial Statement Overview
Summary
Income Statement
57
Neutral
Balance Sheet
54
Neutral
Cash Flow
49
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 269.35M | 267.57M | 260.26M | 257.56M | 229.36M | 157.72M |
| Gross Profit | 165.52M | 129.69M | 135.22M | 169.39M | 123.72M | 86.11M |
| EBITDA | 105.90M | 59.49M | 98.16M | 118.81M | 145.46M | 101.76M |
| Net Income | -17.18M | -29.49M | 14.37M | 123.21M | 215.28M | 67.93M |
Balance Sheet | ||||||
| Total Assets | 3.46B | 3.48B | 3.45B | 3.30B | 3.10B | 2.92B |
| Cash, Cash Equivalents and Short-Term Investments | 87.58M | 87.06M | 78.29M | 72.00M | 96.93M | 139.46M |
| Total Debt | 1.31B | 1.39B | 1.48B | 1.29B | 1.21B | 1.19B |
| Total Liabilities | 1.44B | 1.69B | 1.61B | 1.42B | 1.31B | 1.28B |
| Stockholders Equity | 2.01B | 1.79B | 1.83B | 1.88B | 1.79B | 1.64B |
Cash Flow | ||||||
| Free Cash Flow | 65.83M | 39.31M | -47.74M | 34.96M | 60.53M | 41.00M |
| Operating Cash Flow | 65.83M | 63.24M | 120.71M | 123.77M | 116.41M | 62.53M |
| Investing Cash Flow | -23.19M | -41.79M | -167.04M | -87.30M | -98.22M | -43.87M |
| Financing Cash Flow | -36.45M | -14.11M | 54.19M | -61.52M | -51.93M | -7.16M |
CDL Hospitality Trusts Technical Analysis
Negative
0.78
Price Trends
0.76
Negative
0.77
Negative
0.78
Negative
Market Momentum
<0.01
Positive
45.69
Neutral
-4.44
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:J85, the sentiment is Negative. The current price of 0.78 is above the 20-day moving average (MA) of 0.76, above the 50-day MA of 0.76, and below the 200-day MA of 0.78, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.69 is Neutral, neither overbought nor oversold. The STOCH value of -4.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:J85.
CDL Hospitality Trusts Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | S$3.31B | 12.74 | 6.22% | 6.74% | 5.41% | 25.34% | |
68 Neutral | S$1.15B | 25.23 | 2.53% | 7.16% | 5.66% | 14.77% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | $328.42M | 15.61 | 4.67% | 8.44% | -1.69% | -32.49% | |
56 Neutral | S$968.74M | -56.34 | -1.54% | 6.15% | 4.40% | -1142.86% | |
50 Neutral | $127.62M | -4.82 | -6.67% | 5.06% | -3.80% | -16.28% |
* Real Estate Sector Average
SG:J85
CDL Hospitality Trusts
0.76
0.03
3.57%
SG:HMN
Ascott Residence
0.86
0.04
5.01%
SG:Q5T
Far East Hospitality Trust
0.56
0.02
2.75%
SG:XZL
ARA US Hospitality Trust
0.22
-0.06
-22.81%
SG:ODBU
United Hampshire US Real Estate Investment Trust
0.54
0.10
22.45%
SG:LIW
Eagle Hospitality Trust
―
―
―
CDL Hospitality Trusts Corporate Events
CDL Hospitality Trusts Pays Management Fees Through New Stapled Securities
Jul 30, 2026
CDL Hospitality Trusts has issued 2,350,130 new stapled securities to its managers as payment of 80 percent of their base management fees for the period from 1 April 2026 to 30 June 2026, at an issue price of S$0.7816 per stapled security. The uni...
CDL Hospitality Trusts Secures 20-Year Lease Extensions for Key Singapore Hotels
Jul 2, 2026
CDL Hospitality Trusts has renewed its master lease agreements for Orchard Hotel Singapore, M Hotel Singapore City Centre, Grand Copthorne Waterfront Hotel and Copthorne King’s Hotel. The leases, originally due to expire on 18 July 2026, hav...
CDL Hospitality Trusts’ Perpetual Securities Gain Tax-Advantaged Debt Status in Singapore
Jun 24, 2026
CDL Hospitality Trusts, via its H-REIT and HBT platforms, previously issued S$100 million of 4.00% subordinated perpetual securities under a S$1.5 billion multicurrency debt issuance programme to support its capital structure. The issuer, acting t...
CDL Hospitality Trusts Stapled Security Holders Approve Key AGM Resolutions
May 21, 2026
CDL Hospitality Trusts held its annual general meetings on 24 April 2026 in Singapore, where directors, key management, auditors, legal advisers and the REIT trustee were in attendance, and stapled security holders participated in person and by pr...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.