CDL Hospitality Trusts (J85) AI Stock Analysis

• Market Cap: S$987.69M
• Dividend Yield: 7.21%
• Average Volume (3M): 1.40M
• Price to Earnings (P/E): 68.4
• Beta (1Y): 0.97
• Revenue Growth: 0.94%
• EPS Growth: -88.38%
• Country: SG
• Employees: 4,319
• Sector: Real Estate
• Sector Strength: 73
• Industry: REIT - Hotel & Motel
• EPS (TTM): 0.01
• Shares Outstanding: 1,266,270,300
• 10 Day Avg. Volume: 1,437,500
• 30 Day Avg. Volume: 1,395,936
• PEG Ratio: N/A
• Price to Book (P/B): 0.55
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 12.08
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: S$0.88
• Price Target Upside: 13.25% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 54 Neutral
• Price Target: S$1.00 ▲(28.21%Upside)

The overall stock score for CDL Hospitality Trusts is primarily influenced by its financial performance, which shows stability in revenue but struggles with profitability and cash flow. Technical analysis suggests a neutral trend, while high valuation metrics indicate potential overvaluation. The attractive dividend yield offers some investor appeal.

Positive Factors

Financial Performance

The 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.

Investment Value

The Trust is currently trading at an attractive PB of 0.7x and a forward yield of 6.0%.

Market Position

CDLHT 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.

Negative Factors

Competition Impact

The Maldives resorts continued to see a downturn in revenue per average room and net property income due to competition from recent supply.

Economic Factors

Currency volatility and higher interest rates could impact projections.

Revenue Decline

The Singapore portfolio experienced a 16% decline in revenue per average room due to lower occupancy and falling average daily rates.

CDL Hospitality Trusts Business Overview & Revenue Model

Company Description

CDL Hospitality Trusts (J85) is a leading hospitality real estate investment trust listed in Singapore. The trust primarily invests in a diversified portfolio of hotels, resorts, and serviced residences, spanning various geographical markets including Singapore, Australia, New Zealand, Japan, the United Kingdom, and the Maldives. The trust aims to provide stable and sustainable returns to its unitholders through its strategic investments in high-quality hospitality assets.

How the Company Makes Money

CDL Hospitality Trusts generates revenue primarily through the ownership and management of hospitality assets. The company's income is largely derived from the rental income and management fees associated with its portfolio of hotels and resorts. These properties are typically operated under various brands, either through lease agreements or management contracts with reputable hotel operators. Additionally, the trust benefits from property value appreciation over time, which can enhance its asset base and provide opportunities for capital recycling. Strategic partnerships with international hotel brands and operators contribute to optimizing the performance and occupancy rates of its properties, further enhancing revenue streams.

CDL Hospitality Trusts Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
335.24M	260.26M	257.56M	229.36M	157.72M	117.56M
	Gross Profit
185.25M	135.22M	138.30M	123.72M	86.11M	69.33M
	EBIT
146.77M	0.00	123.50M	200.97M	64.44M	-110.06M
	EBITDA
118.57M	98.16M	118.81M	221.96M	85.89M	-21.37M
	Net Income Common Stockholders
184.48M	14.37M	123.21M	215.28M	67.93M	-188.01M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
12.01M	78.29M	72.00M	96.93M	139.46M	126.59M
	Total Assets
1.77B	3.45B	3.30B	3.10B	2.92B	2.85B
	Total Debt
0.00	1.48B	1.29B	1.21B	1.19B	1.12B
	Net Debt
-12.01M	1.40B	1.22B	1.11B	1.05B	996.76M
	Total Liabilities
587.66M	1.61B	1.42B	1.31B	1.28B	1.23B
	Stockholders Equity
1.18B	1.83B	1.88B	1.79B	1.64B	1.62B
Cash Flow		Free Cash Flow
123.03M	-47.74M	34.96M	60.53M	41.00M	-308.10M
	Operating Cash Flow
136.96M	120.71M	123.77M	116.41M	62.53M	49.73M
	Investing Cash Flow
-94.77M	-167.04M	-87.30M	-98.22M	-43.87M	81.95M
	Financing Cash Flow
-35.84M	54.19M	-61.52M	-51.93M	-7.16M	-145.94M

CDL Hospitality Trusts Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.78
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:J85, the sentiment is Neutral. The current price of 0.78 is above the 20-day moving average (MA) of 0.77, above the 50-day MA of 0.78, and below the 200-day MA of 0.84, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.16 is Neutral, neither overbought nor oversold. The STOCH value of 62.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:J85.

CDL Hospitality Trusts Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
P40U	76 Outperform	$1.17B	17.47	4.09%	7.01%	2.00%	224.44%
JYEU	67 Neutral	S$1.21B	20.54	3.16%	7.25%	-8.34%	-22.51%
AU8U	67 Neutral	S$1.20B	79.35	-0.91%	7.65%	-7.66%	-145.74%
Q5T	65 Neutral	S$1.14B	24.35	2.51%	7.36%	0.84%	-64.42%
ACV	62 Neutral	S$1.34B	73.94	1.45%	2.95%	7.02%	-79.65%
Sector *	61 Neutral	$2.85B	10.99	0.40%	6.10%	5.75%	-21.23%
J85	54 Neutral	S$987.69M	68.42	0.77%	7.21%	0.94%	-88.38%

CDL Hospitality Trusts Corporate Events

CDL Hospitality Trusts Convenes Annual General Meetings

CDL Hospitality Trusts recently held its Annual General Meetings for the holders of units in its real estate and business trusts. The meetings, attended by key directors and management, were convened to discuss the company’s operations and strategic direction. The appointment of Mr. Eric Chan as Chairman reflects the company’s commitment to strong governance. The outcomes of these meetings are crucial for stakeholders as they influence the company’s future strategies and industry positioning.

The most recent analyst rating on (SG:J85) stock is a Buy with a S$1.25 price target. To see the full list of analyst forecasts on CDL Hospitality Trusts stock, see the SG:J85 Stock Forecast page.

CDL Hospitality Trusts Announces Board Restructuring

CDL Hospitality Trusts announced significant changes in its board composition, with Dr. Foo Say Mui stepping down from several key positions, including Independent Non-Executive Director and Chairman of various committees, effective May 9, 2025. The changes are in line with regulatory compliance, and new appointments have been made to ensure the majority of the board remains independent, which could impact the company’s governance and strategic direction.

CDL Hospitality Trusts Reports Mixed First Quarter Performance

CDL Hospitality Trusts reported a slight decline in total revenue for the first quarter of 2025 compared to the same period in 2024, with a 2.8% decrease. The operational update highlighted mixed performance across its geographical portfolio, with notable revenue drops in Singapore and Maldives, while the United Kingdom showed significant growth. The restructuring of rental agreements in Germany and Italy has impacted the revenue figures, with these changes expected to stabilize in the future. This performance reflects the ongoing challenges and strategic adjustments within the hospitality sector.

CDL Hospitality Trusts Issues Stapled Securities for Management Fee

CDL Hospitality Trusts announced the issuance of 2,064,554 stapled securities as payment for 80% of the base management fees for the first quarter of 2025. This move reflects the company’s strategy to manage its financial obligations through equity, potentially impacting its market position by increasing the total number of stapled securities to 1,266,270,289.

CDL Hospitality Trusts Secures Long-Term Lease Renewals for Key Singapore Hotels

CDL Hospitality Trusts announced that City Hotels Pte. Ltd., Harbour View Hotel Pte. Ltd., and Republic Hotels & Resorts Limited have expressed their intention to renew the master lease agreements for several hotels in Singapore, including Orchard Hotel Singapore and M Hotel Singapore City Centre. The renewal will extend the lease agreements for an additional 20 years starting from July 2026, which could provide long-term stability and continuity for CDL Hospitality Trusts’ operations and strengthen its position in the hospitality industry.

CDL Hospitality Trusts Issues Stapled Securities for Management Fees

CDL Hospitality Trusts announced the issuance of 5,311,091 stapled securities as payment for management fees to M&C REIT Management Limited and M&C Business Trust Management Limited. This issuance reflects the company’s strategy to compensate its managers with securities, aligning their interests with the trust’s performance and market valuation.