DRI Healthcare Trust

DHT.U

CA23344H1091

Pharmaceuticals

Market Closed - Toronto S.E. Other stock markets 03:59:59 2024-04-26 pm EDT			5-day change	1st Jan Change
16.36 ^CAD	-1.09%		-2.85%	+31.09%

Apr. 23	DRI Healthcare Trust Brief: Adds Transaction "Significantly" Reduces Potential Dilution With a Net Reduction of Warrants Equivalent to 8.2% of Units Outstanding	MT
Apr. 23	DRI Healthcare Trust Brief: Says Closed Prior Announced Refinancing of Preferred Securities	MT

DRI Healthcare Trust Reports Earnings Results for the Full Year Ended December 31, 2023

February 28, 2024 at 05:34 pm EST

DRI Healthcare Trust reported earnings results for the full year ended December 31, 2023. For the full year, the company reported revenue was USD 166.28 million compared to USD 93.03 million a year ago. Net income was USD 92.3 million compared to USD 11.6 million a year ago.

Basic earnings per share from continuing operations was USD 2.08 compared to USD 0.3 a year ago. Diluted earnings per share from continuing operations was USD 2.07 compared to USD 0.3 a year ago.

Latest news about DRI Healthcare Trust

DRI Healthcare Trust Brief: Adds Transaction "Significantly" Reduces Potential Dilution With a Net Reduction of Warrants Equivalent to 8.2% of Units Outstanding	Apr. 23	MT
DRI Healthcare Trust Brief: Says Closed Prior Announced Refinancing of Preferred Securities	Apr. 23	MT
DRI Healthcare Trust Refinances Preferred Securities	Apr. 15	MT
DRI Healthcare Trust Seeks Acquisitions	Feb. 29	CI
Transcript : DRI Healthcare Trust, Q4 2023 Earnings Call, Feb 29, 2024	Feb. 29
DRI Healthcare Trust Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 28	CI
DRI Healthcare Trust Declares Quarterly Cash Distribution for the First Quarter of 2024, Payable on April 19, 2024	Feb. 28	CI
DRI Healthcare Trust Brief: Announcing 2024 royalty income guidance of US$153 to US$155 million, excluding milestone income and any new transactions	Feb. 28	MT
DRI Healthcare Trust Brief: Q4 Net Earnings per Unit of US$0.39 (basic and diluted; Increasing quarterly cash distribution	Feb. 28	MT
DRI Healthcare Trust Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 28	CI
Tranche Update on DRI Healthcare Trust (TSX:DHT.UN)'s Equity Buyback Plan announced on November 13, 2023.	Feb. 28	CI
National Bank Raises DRI Healthcare Target to $22 on Omidria News, Guidance Increase	Feb. 01	MT
DRI Healthcare Trust Expands Royalty Entitlement on US Net Sales of Omidria, Updates Deployment and CAGR Guidance	Feb. 01	MT
DRI Healthcare Trust Brief: Announcing Expansion of its Royalty Entitlement on the US Net Sales of Omidria), Updating Deployment and CAGR Guidance	Feb. 01	MT
National Bank Highlights Key Takeaways From DRI Healthcare Trust's Investor Meetings; Raises Price Target	Dec. 22	MT
DRI Healthcare Trust Brief: Says This special cash distribution is in addition to quarterly cash distribution declared on November 13, 2023 of US$0.075 per trust unit	Dec. 20	MT
DRI Healthcare Trust Brief: Special cash distribution will be made payable to unitholders of record at close of business on December 31, 2023, and paid to such unitholders on January 19, 2024	Dec. 20	MT
DRI Healthcare Trust Brief: Declaring a special cash distribution in the amount of US$0.2662 per trust unit	Dec. 20	MT
DRI Healthcare Trust Declares Special Distribution, Payable on January 19, 2024	Dec. 20	CI
Transcript : DRI Healthcare Trust, Q3 2023 Earnings Call, Nov 14, 2023	Nov. 14
DRI Healthcare Trust Swings to a Loss in the Third Quarter	Nov. 13	MT
DRI Healthcare Trust Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 13	CI
DRI Healthcare Trust's Equity Buyback announced on November 7, 2022, has closed with 11,236,113 shares, for $6.57 million.	Nov. 13	CI
Tranche Update on DRI Healthcare Trust (TSX:DHT.UN)'s Equity Buyback Plan announced on November 7, 2022.	Nov. 13	CI
Tranche Update on DRI Healthcare Trust (TSX:DHT.UN)'s Equity Buyback Plan announced on November 7, 2022.	Nov. 13	CI

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Company Profile

DRI Healthcare Trust is a Canada-based company, which is engaged in providing financing to advance innovation in the life sciences industry. The Company is involved in pharmaceutical royalty monetization and provides capital to inventors, academic institutions and biopharma companies. It is acquiring approximately 70 royalties on 40-plus drugs, including Eylea, Spinraza, Zytiga, Remicade, Keytruda and Stelara. The Companyâs portfolio includes Empaveli, Eylea, Natpara, Omidria, Rydapt, Simponi, Syfovre, Vonjo, Zejula and Zytiga. Its therapeutic areas include influenza, endocrinology, ophthalmology, dermatology, oncology, neurology, autoimmune diseases, heme-onc, lysosomal storage disorder, respiratory diseases, oncology and others. The Company is managed by DRI Capital Inc. Its products are marketed by pharmaceutical companies, including Regeneron, Bayer, Santen; AstraZeneca; Takeda; Galderma Laboratories; Novartis; Biogen; CTI Biopharma; Roche, Novartis, Johnson & Johnson, and others.

Sector

Pharmaceuticals

Calendar

2024-05-05 - Q1 2024 Earnings Release

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Ratings for DRI Healthcare Trust

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

11.95 USD

Average target price

15.3 USD

Spread / Average Target

+28.01%

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