DRI Healthcare Trust T.DHT.UN

Another Viewpoint

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Lots of companies were declining last week (including almost all of the REITs) as investors are nervous about rising interest rates. GLTA

DHT.UN is a small royalty company, at $267M market cap. It is quite cheap on valuation, but the revenue base is quite low ($26M last quarter). It is in the business of healthcare royalties. It has a decent product portfolio, and we expect it to add more royalties each year. It has only been public a year, but has paid dividends since its listing. The dividend was doubled in November and it declared a 22c special dividend at year end. We find it interesting, but would like to see a bit more public history and performance. But so far so good. 

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