C

CDL Hospitality Trusts
SGX:J85

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CDL Hospitality Trusts
SGX:J85
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Price: 0.87 SGD
Market Cap: 1.1B SGD
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Income Statement

Earnings Waterfall
CDL Hospitality Trusts

Revenue
265.7m SGD
Cost of Revenue
-139.1m SGD
Gross Profit
126.6m SGD
Operating Expenses
-27.6m SGD
Operating Income
99m SGD
Other Expenses
27.7m SGD
Net Income
126.7m SGD

Income Statement
CDL Hospitality Trusts

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Income Statement
Currency: SGD
Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Jun-2020 Dec-2020 Jun-2021 Dec-2021 Jun-2022 Dec-2022 Jun-2023 Dec-2023 Jun-2024
Revenue
Revenue
147
N/A
149
+1%
149
0%
150
+0%
149
0%
148
-1%
148
0%
149
+1%
155
+4%
157
+1%
161
+3%
167
+4%
165
-1%
166
+1%
167
+1%
172
+3%
175
+1%
178
+2%
183
+2%
181
-1%
183
+1%
188
+3%
197
+5%
204
+3%
210
+3%
210
0%
205
-2%
202
-1%
196
-3%
196
0%
195
0%
197
+1%
155
-21%
118
-24%
132
+12%
158
+20%
190
+21%
229
+21%
250
+9%
258
+3%
266
+3%
Gross Profit
Cost of Revenue
(17)
(19)
(19)
(19)
(20)
(20)
(20)
(21)
(26)
(30)
(32)
(35)
(35)
(35)
(36)
(41)
(43)
(45)
(47)
(46)
(48)
(53)
(59)
(67)
(70)
(71)
(71)
(70)
(69)
(68)
(68)
(70)
(65)
(60)
(65)
(83)
(103)
(119)
(129)
(134)
(139)
Gross Profit
130
N/A
131
+0%
130
0%
130
+0%
129
-1%
128
-1%
127
0%
128
+1%
129
+1%
127
-1%
129
+2%
132
+2%
130
-1%
131
+1%
131
0%
132
+1%
132
+0%
133
+0%
135
+2%
135
0%
134
0%
135
+1%
138
+2%
138
0%
140
+1%
138
-1%
134
-3%
132
-2%
128
-3%
128
0%
127
-1%
127
0%
90
-29%
58
-36%
66
+15%
75
+13%
87
+16%
110
+26%
121
+10%
124
+2%
127
+3%
Operating Income
Operating Expenses
69
67
56
(5)
2
6
6
(5)
(5)
(6)
(8)
(10)
(11)
(11)
(14)
(28)
(29)
(32)
(32)
(30)
(28)
(34)
(32)
(15)
(35)
(28)
(28)
(16)
(20)
(20)
(21)
(22)
(39)
(25)
(79)
(25)
(14)
(26)
(12)
(27)
(28)
Selling, General & Administrative
(2)
(4)
0
0
(3)
(3)
0
0
(3)
(3)
(4)
(5)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(11)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation & Amortization
0
0
0
0
0
0
0
0
(1)
(1)
(2)
(3)
(3)
(4)
(4)
(15)
(16)
(17)
(18)
(17)
(17)
(24)
(24)
(10)
(18)
(12)
(12)
(11)
(12)
(12)
(12)
(12)
(12)
(16)
(20)
(21)
(23)
(21)
(21)
(22)
(22)
Other Operating Expenses
71
71
56
(5)
5
10
6
(5)
(2)
(2)
(2)
(2)
(2)
(2)
(4)
(4)
(4)
(4)
(3)
(2)
(11)
(10)
(7)
(5)
(16)
(16)
(16)
(5)
(8)
(8)
(9)
(10)
(27)
(8)
(58)
(4)
9
(5)
9
(5)
(7)
Operating Income
199
N/A
198
-1%
186
-6%
125
-33%
131
+5%
134
+2%
134
-1%
123
-8%
124
+0%
121
-2%
121
0%
123
+1%
120
-2%
120
+0%
117
-3%
104
-11%
103
-1%
101
-2%
103
+2%
105
+2%
106
+1%
102
-5%
106
+5%
122
+15%
105
-14%
111
+5%
106
-4%
116
+9%
108
-7%
108
0%
106
-1%
105
-1%
51
-51%
33
-35%
(12)
N/A
50
N/A
73
+48%
84
+15%
109
+30%
96
-12%
99
+3%
Pre-Tax Income
Interest Income Expense
(13)
(15)
(4)
(12)
(7)
(12)
(12)
20
20
21
19
1
1
(1)
(1)
(52)
(55)
(54)
(56)
(54)
(59)
(59)
(59)
37
47
46
47
14
9
7
3
38
37
(166)
(160)
9
22
126
93
45
45
Non-Reccuring Items
0
0
0
15
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(18)
0
0
0
(3)
0
0
0
(17)
0
(52)
0
13
0
13
0
1
0
Total Other Income
0
0
(0)
(4)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
Pre-Tax Income
186
N/A
183
-2%
183
0%
125
-32%
124
0%
122
-2%
121
-1%
143
+18%
143
0%
142
-1%
141
-1%
124
-12%
121
-3%
119
-2%
116
-2%
52
-56%
48
-7%
46
-3%
47
+2%
50
+6%
47
-6%
43
-10%
47
+11%
141
+199%
152
+8%
157
+3%
153
-2%
126
-18%
117
-8%
114
-2%
109
-4%
126
+15%
88
-30%
(185)
N/A
(173)
+7%
72
N/A
95
+32%
223
+135%
201
-10%
142
-30%
144
+2%
Net Income
Tax Provision
(4)
(4)
(4)
(2)
(2)
(2)
(3)
(3)
(3)
(3)
(3)
(1)
(1)
(2)
(2)
(1)
(2)
(1)
(1)
(1)
(1)
(1)
(3)
(12)
(13)
(13)
(13)
(16)
(16)
(18)
(20)
(11)
(8)
(4)
(4)
(4)
(2)
(8)
(10)
(18)
(17)
Income from Continuing Operations
182
179
178
122
122
120
119
140
140
139
137
123
119
116
113
51
46
45
47
49
46
41
44
129
140
144
140
111
101
96
90
114
79
(189)
(177)
68
92
215
191
124
128
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(1)
(1)
(1)
(1)
1
1
0
0
(0)
(0)
(1)
(1)
Net Income (Common)
182
N/A
179
-2%
178
0%
122
-31%
122
0%
120
-2%
119
-1%
140
+18%
140
0%
139
-1%
137
-1%
123
-11%
119
-2%
116
-3%
113
-2%
51
-55%
46
-9%
45
-2%
47
+3%
49
+6%
46
-7%
41
-11%
44
+8%
129
+192%
139
+8%
144
+3%
140
-2%
110
-21%
100
-9%
95
-5%
89
-6%
113
+27%
78
-31%
(188)
N/A
(176)
+6%
68
N/A
92
+36%
215
+133%
191
-11%
123
-36%
127
+3%
EPS (Diluted)
0.19
N/A
0.19
N/A
0.19
N/A
0.13
-32%
0.13
N/A
0.12
-8%
0.12
N/A
0.14
+17%
0.14
N/A
0.14
N/A
0.13
-7%
0.12
-8%
0.11
-8%
0.11
N/A
0.11
N/A
0.05
-55%
0.05
N/A
0.05
N/A
0.05
N/A
0.05
N/A
0.05
N/A
0.04
-20%
0.04
N/A
0.12
+200%
0.11
-8%
0.11
N/A
0.11
N/A
0.09
-18%
0.08
-11%
0.08
N/A
0.07
-13%
0.09
+29%
0.06
-33%
-0.15
N/A
-0.14
+7%
0.06
N/A
0.07
+17%
0.17
+143%
0.15
-12%
0.1
-33%
0.1
N/A

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