RHT Health Trust DPU falls 32% to 1.2 cents

Its 51% stake sale boosted its figures.

RHT Health Trust’s (RHT) distribution per unit (DPU) dropped by 32% YoY to 1.2 cents in its first quarter, thanks to its 51% stake sale in Shalimar Bash and Gurgoan CEs.

According to CIMB, DPU rose by 9% QoQ due to the selling of its 51% stake in Shalimar Bash and Gurgoan CEs in India in Oct. 16 and the adoption of a smaller income payout ratio of 95%.

RHT also gained from a stronger rupee. This was offset by a rise in fees for financial-related activities and higher taxes on its associates.

The company’s revenue climbed 9.7% YoY to $22.6m. CIMB said this was due to the contractual annual 3% uplift in base fee as well as higher variable income from added volume of high end medical treatments.

It also added 73 operational beds to its portfolio with the recently completed Jaipur CE with 59 additional beds that have mother-and-child and orthopaedics programmes.

Other developments set to complete in the year are BG Road, Ludhiana, and Noida projects.