OVERVIEW AND
FINANCIAL REVIEW
OVERVIEW AND FINANCIAL REVIEW
PORTFOLIO VALUATION
(1)
As at 31 December 2015
As at 31 December 2015, the valuation of CDLHT’s portfolio registered a yoy increase of 4.9% on the back of the acquisition
of the UK Hotel which was valued at £61.5 million (approximately S$132.7 million
(2)
).
Since IPO, the portfolio value of CDLHT has increased from S$0.8 billion to S$2.5 billion, representing a CAGR of 12.0%.
(1)
Numbers may not add up due to rounding.
(2)
Based on exchange rate of £1.00 = S$2.1575.
(3)
All properties, excluding the UK Hotel, were valued as at 31 December 2015. The UK Hotel, which was acquired on 1 October 2015, was valued
by Knight Frank LLP as at 25 August 2015.
Singapore
New Zealand
Australia
Maldives
Japan
United Kingdom
2,500
2,000
1,500
1,000
500
0
S$M
846
1,102
1,629
1,481 1,502
1,787
2,030 2,045
2,239
2,355
2,469
Sub-Prime
846
123
979
1,501
128
1,388
93
1,392
110
1,435
99
90
265
88
261
253
1,675
1,695
234
179
101
103
67
1,769
80
133
114
1,726
191
225
190
213
1,740
IPO 31-Dec-06 31-Dec-07 31-Dec-08 31-Dec-09 31-Dec-10 31-Dec-11 31-Dec-12 31-Dec-13 31-Dec-14 31-Dec-15
(3)
Change (%)
+30.2
+47.8
-9.1
+1.4
+19.0
+13.6
+0.7
+9.5
+5.2
+4.9
Compound Annual Growth Rate of 12.0%
15
Annual Report 2015
