Broker Name: CGS International
Date of Report: February 2, 2026
Excerpt from CGS International report.
Report Summary
- CDL Hospitality Trust (CDREIT) is expected to deliver a stronger FY26 driven by the return of room inventory after asset enhancements, lower interest costs, and event-driven demand, particularly in Singapore, Australia, and New Zealand.
- The upcoming acquisition of Moxy Hotels in FY27, likely funded mostly by debt, is forecast to enhance distributable income and dividend per unit (DPU), with the Trust maintaining a robust balance sheet and gearing below regulatory limits.
- CDREIT’s portfolio showed resilience in key markets, with notable RevPAR improvements after renovations and stable performance projected for its European and Maldives assets.
- Dividend yields are forecast to improve from 5.5% in FY25 to over 6.1% in FY26, with a target price raised to S\$0.90, and ongoing ESG initiatives expected to support long-term operations and investor appeal.
- Main risks include global travel disruptions and underperformance of recently upgraded assets, while upside catalysts are further acquisitions and cost savings.
Above is an excerpt from a report by CGS International. Clients of CGS International can be the first to access the full report from the CGS International website:
https://www.cgsi.com/
