Why RHT Health Trust is outperforming locally listed business trusts

SINGAPORE (Sept 8): Locally listed business trusts have generally performed badly compared to real estate investment trusts (REIT).

However, among the better performers is RHT Health Trust, with an annualised return of 14.4% since it was listed in 2012.

Some of that gain comes from a special distribution in October last year, when RHT sold a 51% stake in New Delhi-based hospital operator Fortis Hospotel and 100% of Escorts Heart Institute and Research Centre for a total of $198.5 million, resulting in a special distribution of 24.8 cents per unit.

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