
NorthWest Healthcare Properties REIT
TSX:NWH.UN

Income Statement
Earnings Waterfall
NorthWest Healthcare Properties REIT
Revenue
|
574.1m
CAD
|
Cost of Revenue
|
-147.5m
CAD
|
Gross Profit
|
426.6m
CAD
|
Operating Expenses
|
-72.6m
CAD
|
Operating Income
|
353.9m
CAD
|
Other Expenses
|
-654.6m
CAD
|
Net Income
|
-300.6m
CAD
|
Income Statement
NorthWest Healthcare Properties REIT
Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Interest Expense |
60
|
65
|
73
|
85
|
89
|
92
|
93
|
91
|
91
|
95
|
104
|
113
|
138
|
145
|
151
|
154
|
144
|
146
|
148
|
142
|
134
|
125
|
115
|
114
|
117
|
119
|
116
|
114
|
117
|
128
|
147
|
175
|
200
|
222
|
239
|
246
|
251
|
248
|
243
|
220
|
198
|
|
Revenue |
61
N/A
|
95
+56%
|
147
+54%
|
199
+36%
|
237
+19%
|
256
+8%
|
260
+1%
|
277
+7%
|
285
+3%
|
294
+3%
|
311
+6%
|
314
+1%
|
330
+5%
|
342
+4%
|
345
+1%
|
350
+1%
|
353
+1%
|
359
+2%
|
364
+1%
|
366
+1%
|
370
+1%
|
369
0%
|
373
+1%
|
374
+0%
|
371
-1%
|
371
0%
|
371
+0%
|
375
+1%
|
385
+3%
|
407
+6%
|
427
+5%
|
449
+5%
|
481
+7%
|
496
+3%
|
503
+1%
|
508
+1%
|
506
0%
|
632
+25%
|
617
-2%
|
462
-25%
|
574
+24%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(5)
|
(16)
|
(34)
|
(53)
|
(70)
|
(78)
|
(76)
|
(75)
|
(74)
|
(75)
|
(79)
|
(82)
|
(84)
|
(85)
|
(85)
|
(86)
|
(87)
|
(88)
|
(87)
|
(87)
|
(87)
|
(87)
|
(88)
|
(88)
|
(87)
|
(87)
|
(85)
|
(85)
|
(89)
|
(91)
|
(97)
|
(101)
|
(115)
|
(120)
|
(121)
|
(121)
|
(120)
|
(154)
|
(152)
|
(113)
|
(147)
|
|
Gross Profit |
56
N/A
|
80
+43%
|
112
+41%
|
146
+30%
|
167
+14%
|
179
+7%
|
183
+3%
|
203
+10%
|
211
+4%
|
219
+4%
|
232
+6%
|
232
0%
|
245
+6%
|
257
+5%
|
260
+1%
|
263
+1%
|
266
+1%
|
272
+2%
|
276
+2%
|
279
+1%
|
282
+1%
|
282
0%
|
284
+1%
|
286
+1%
|
284
-1%
|
284
0%
|
286
+1%
|
290
+1%
|
296
+2%
|
315
+6%
|
330
+5%
|
348
+6%
|
367
+5%
|
376
+2%
|
381
+1%
|
387
+1%
|
387
+0%
|
478
+24%
|
465
-3%
|
349
-25%
|
427
+22%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(11)
|
(17)
|
(21)
|
(25)
|
(25)
|
(24)
|
(21)
|
(18)
|
(17)
|
(11)
|
(15)
|
(17)
|
(18)
|
(27)
|
(23)
|
(21)
|
(19)
|
(16)
|
(19)
|
(23)
|
(26)
|
(29)
|
(30)
|
(30)
|
(33)
|
(36)
|
(37)
|
(40)
|
(40)
|
(42)
|
(46)
|
(48)
|
(51)
|
(53)
|
(58)
|
(58)
|
(60)
|
(73)
|
(73)
|
(58)
|
(73)
|
|
Selling, General & Administrative |
(12)
|
(17)
|
(21)
|
(25)
|
(25)
|
(24)
|
(22)
|
(20)
|
(20)
|
(20)
|
(24)
|
(25)
|
(26)
|
(27)
|
(26)
|
(27)
|
(28)
|
(29)
|
(32)
|
(34)
|
(34)
|
(32)
|
(31)
|
(29)
|
(33)
|
(36)
|
(37)
|
(40)
|
(40)
|
(42)
|
(46)
|
(48)
|
(51)
|
(53)
|
(58)
|
(58)
|
(60)
|
(74)
|
(73)
|
(58)
|
(73)
|
|
Depreciation & Amortization |
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
3
|
10
|
9
|
8
|
7
|
1
|
3
|
7
|
9
|
14
|
13
|
11
|
9
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
44
N/A
|
63
+42%
|
92
+46%
|
121
+32%
|
142
+18%
|
154
+9%
|
163
+5%
|
185
+14%
|
194
+5%
|
208
+7%
|
217
+4%
|
215
-1%
|
227
+6%
|
230
+1%
|
237
+3%
|
243
+3%
|
247
+2%
|
256
+3%
|
257
+1%
|
256
-1%
|
257
+0%
|
254
-1%
|
255
+0%
|
256
+1%
|
251
-2%
|
248
-1%
|
249
+0%
|
249
+0%
|
256
+2%
|
273
+7%
|
284
+4%
|
301
+6%
|
316
+5%
|
323
+2%
|
324
+0%
|
329
+2%
|
327
-1%
|
404
+24%
|
392
-3%
|
291
-26%
|
354
+22%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(17)
|
88
|
69
|
68
|
41
|
(44)
|
(44)
|
36
|
116
|
236
|
237
|
191
|
103
|
(25)
|
(3)
|
(30)
|
(69)
|
(5)
|
(44)
|
33
|
149
|
45
|
68
|
78
|
63
|
265
|
414
|
516
|
578
|
472
|
299
|
(107)
|
(405)
|
(643)
|
(781)
|
(844)
|
(748)
|
(926)
|
(955)
|
(627)
|
(688)
|
|
Non-Reccuring Items |
(4)
|
60
|
59
|
59
|
60
|
(5)
|
(4)
|
(4)
|
(2)
|
(12)
|
(102)
|
(103)
|
(103)
|
(96)
|
(60)
|
(64)
|
(65)
|
(68)
|
(16)
|
(53)
|
(67)
|
(70)
|
(73)
|
(35)
|
(20)
|
(21)
|
(34)
|
(38)
|
(42)
|
(37)
|
(24)
|
(28)
|
(28)
|
(40)
|
(47)
|
(51)
|
(48)
|
(37)
|
(31)
|
(17)
|
(27)
|
|
Total Other Income |
(3)
|
(2)
|
5
|
13
|
11
|
9
|
(1)
|
(33)
|
(39)
|
(39)
|
(33)
|
(26)
|
(16)
|
(13)
|
(12)
|
53
|
25
|
22
|
23
|
(75)
|
(19)
|
(25)
|
(24)
|
97
|
73
|
89
|
95
|
8
|
12
|
28
|
22
|
40
|
48
|
37
|
58
|
67
|
48
|
46
|
(4)
|
(18)
|
(26)
|
|
Pre-Tax Income |
20
N/A
|
209
+925%
|
224
+7%
|
260
+16%
|
255
-2%
|
116
-55%
|
114
-1%
|
184
+61%
|
269
+47%
|
393
+46%
|
319
-19%
|
276
-13%
|
211
-24%
|
96
-54%
|
162
+68%
|
202
+25%
|
138
-31%
|
205
+48%
|
220
+8%
|
162
-27%
|
320
+98%
|
204
-36%
|
226
+11%
|
396
+76%
|
366
-8%
|
580
+58%
|
725
+25%
|
736
+2%
|
803
+9%
|
737
-8%
|
582
-21%
|
205
-65%
|
(69)
N/A
|
(323)
-369%
|
(446)
-38%
|
(499)
-12%
|
(422)
+15%
|
(513)
-22%
|
(598)
-17%
|
(370)
+38%
|
(387)
-5%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(17)
|
(33)
|
(30)
|
(43)
|
(41)
|
(41)
|
(42)
|
(54)
|
(65)
|
(52)
|
(54)
|
(51)
|
(46)
|
(54)
|
(76)
|
(73)
|
(78)
|
(100)
|
(69)
|
(88)
|
(77)
|
(6)
|
(19)
|
(15)
|
(27)
|
(96)
|
(120)
|
(124)
|
(142)
|
(142)
|
(113)
|
(79)
|
(18)
|
12
|
19
|
18
|
(8)
|
24
|
48
|
50
|
51
|
|
Income from Continuing Operations |
3
|
176
|
195
|
217
|
213
|
75
|
72
|
129
|
205
|
341
|
266
|
225
|
165
|
43
|
85
|
129
|
60
|
105
|
151
|
73
|
243
|
198
|
207
|
381
|
339
|
484
|
605
|
612
|
662
|
595
|
469
|
126
|
(87)
|
(311)
|
(427)
|
(481)
|
(430)
|
(489)
|
(551)
|
(320)
|
(336)
|
|
Income to Minority Interest |
(4)
|
(56)
|
(61)
|
(101)
|
(103)
|
(84)
|
(89)
|
(72)
|
(90)
|
(155)
|
(156)
|
(158)
|
(147)
|
(67)
|
(58)
|
(63)
|
(54)
|
(70)
|
(68)
|
(75)
|
(73)
|
(41)
|
(49)
|
(67)
|
(86)
|
(186)
|
(191)
|
(228)
|
(243)
|
(188)
|
(190)
|
(61)
|
(35)
|
88
|
116
|
133
|
132
|
53
|
58
|
20
|
35
|
|
Net Income (Common) |
(1)
N/A
|
120
N/A
|
134
+12%
|
117
-13%
|
110
-6%
|
(9)
N/A
|
(16)
-83%
|
57
N/A
|
115
+101%
|
186
+62%
|
111
-41%
|
67
-39%
|
19
-72%
|
(24)
N/A
|
27
N/A
|
66
+140%
|
7
-90%
|
35
+422%
|
83
+137%
|
(2)
N/A
|
171
N/A
|
157
-8%
|
159
+1%
|
314
+98%
|
253
-20%
|
298
+18%
|
439
+48%
|
435
-1%
|
470
+8%
|
459
-2%
|
304
-34%
|
64
-79%
|
(122)
N/A
|
(223)
-84%
|
(311)
-39%
|
(348)
-12%
|
(298)
+14%
|
(436)
-46%
|
(493)
-13%
|
(300)
+39%
|
(301)
0%
|
|
EPS (Diluted) |
-0.02
N/A
|
2.15
N/A
|
1.78
-17%
|
1.98
+11%
|
1.53
-23%
|
-0.12
N/A
|
-0.18
-50%
|
0.6
N/A
|
1.2
+100%
|
1.94
+62%
|
1.03
-47%
|
0.53
-49%
|
0.13
-75%
|
-0.17
N/A
|
0.21
N/A
|
0.46
+119%
|
0.05
-89%
|
0.21
+320%
|
0.5
+138%
|
-0.01
N/A
|
0.98
N/A
|
0.78
-20%
|
0.78
N/A
|
1.57
+101%
|
1.21
-23%
|
1.35
+12%
|
1.85
+37%
|
1.98
+7%
|
1.97
-1%
|
1.82
-8%
|
1.24
-32%
|
0.27
-78%
|
-0.5
N/A
|
-0.91
-82%
|
-1.27
-40%
|
-1.42
-12%
|
-1.21
+15%
|
-1.77
-46%
|
-2
-13%
|
-1.22
+39%
|
-1.22
N/A
|