CDL Hospitality Trusts (SGX: J85)

CDL Hospitality Trusts Income Statement

Financials in millions SGD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	4.97	-	-	-	-	196.87
Other Revenue	260.72	257.56	229.36	157.72	117.56	-
Total Revenue	265.68	257.56	229.36	157.72	117.56	196.87
Revenue Growth (YoY	6.30%	12.30%	45.42%	34.17%	-40.29%	-2.44%
Property Expenses	91.9	88.17	78.19	61.75	46.24	52.54
Selling, General & Administrative	0.72	0.67	0.57	0.55	0.59	0.44
Depreciation & Amortization	21.74	21.93	20.98	21.45	16.19	12.03
Other Operating Expenses	53.26	50.48	45.52	24.42	21.27	26.93
Total Operating Expenses	167.62	161.25	145.26	108.17	84.3	91.94
Operating Income	98.06	96.3	84.09	49.56	33.26	104.94
Interest Expense	-53.09	-49.56	-33.23	-25.12	-24.79	-26.48
Interest & Investment Income	0.71	0.85	0.45	0.15	0.61	1.18
Currency Exchange Gain (Loss)	-0.37	-0.15	-11.59	-14.06	20.03	-4.74
Other Non-Operating Income	-9.01	-13.6	39.94	17.27	-19.81	1.51
EBT Excluding Unusual Items	36.3	33.84	79.66	27.8	9.3	76.41
Merger & Restructuring Charges	-	-	-	-	-0.06	-
Gain (Loss) on Sale of Assets	-	-	-	-	-8.8	-
Asset Writedown	107.92	107.92	143.51	43.85	-185.52	49.09
Pretax Income	144.21	141.76	223.17	71.64	-185.08	125.51
Income Tax Expense	16.69	17.79	7.78	3.84	4.06	11.45
Earnings From Continuing Operations	127.53	123.97	215.39	67.8	-189.14	114.06
Minority Interest in Earnings	-0.79	-0.75	-0.12	0.13	1.12	-1.33
Net Income	126.74	123.21	215.28	67.93	-188.02	112.73
Net Income to Common	126.74	123.21	215.28	67.93	-188.02	112.73
Net Income Growth	-33.69%	-42.77%	216.89%	-	-	2.19%
Basic Shares Outstanding	1,249	1,244	1,235	1,228	1,220	1,211
Diluted Shares Outstanding	1,257	1,252	1,242	1,234	1,220	1,217
Shares Change (YoY)	0.89%	0.80%	0.67%	1.11%	0.28%	0.56%
EPS (Basic)	0.10	0.10	0.17	0.06	-0.15	0.09
EPS (Diluted)	0.10	0.10	0.17	0.06	-0.15	0.09
EPS Growth	-34.31%	-43.29%	214.89%	-	-	1.64%
Dividend Per Share	0.057	0.057	0.056	0.043	0.050	0.090
Dividend Growth	-6.56%	1.24%	31.54%	-13.54%	-45.12%	-2.59%
Operating Margin	36.91%	37.39%	36.67%	31.42%	28.29%	53.30%
Profit Margin	47.70%	47.84%	93.86%	43.07%	-159.93%	57.26%
Free Cash Flow Margin	47.18%	48.05%	50.75%	39.64%	42.30%	61.41%
EBITDA	118.57	117	103.57	69.46	48.39	116.23
EBITDA Margin	44.63%	45.43%	45.15%	44.04%	41.17%	59.04%
D&A For Ebitda	20.51	20.7	19.47	19.9	15.13	11.29
EBIT	98.06	96.3	84.09	49.56	33.26	104.94
EBIT Margin	36.91%	37.39%	36.67%	31.42%	28.29%	53.30%
Effective Tax Rate	11.57%	12.55%	3.49%	5.36%	-	9.12%

Source: S&P Capital IQ. Real Estate template. Financial Sources.