07:30 AM EST, 03/04/2025 (MT Newswires) -- DRI Healthcare Trust (DHT-UN.TO, DHT-U.TO) on Tuesday reported lower fourth-quarter profit and income.
The Trust, whose portfolio includes 28 royalty streams on 21 products that address different therapeutic areas, said net earnings fell to US$7 million, or US$0.12 per share, from US$22 million, or US$0.39 per share, last year.
The Trust generated total income of US$62.3 million, down from the US$76 million in the prior year period. The difference was mainly due to a reduction in royalty income to US$61.4 million from US$75.5 million.
A quarterly cash distribution of US$0.10 per unit will be paid on April 18.