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HEALTHCARE | Staff Reporter, Singapore

RHT Health Trust net property income up 6% to $11m

But distribution per unit fell due to income loss after it sold its 51% stake in FHTL.

RHT Health Trust's (RHT) Q2 net property income (NPI) rose 11% YoY to $11.28m.

According to DBS Equity Research, this was caused a 4% revenue growth led by the contractual 3% increase in base fee.

Distribution per unit (DPU) fell 37% YoY to 1.14 cents no thanks to the loss of income contribution from the sale of its 51% interest in Fortis Hospital Limited (FHTL).

On a comparable basis, DPU fell 15% due to non-recurring other trust expenses related to refinancing activities and a one-off consent exercise.

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