NorthWest Healthcare Properties REIT
TSX:NWH.UN

Watchlist Manager
NorthWest Healthcare Properties REIT Logo
NorthWest Healthcare Properties REIT
TSX:NWH.UN
Watchlist
Price: 5.16 CAD 0.19% Market Closed
Market Cap: 1.3B CAD

NorthWest Healthcare Properties REIT
Investor Relations

NorthWest Healthcare Properties Real Estate Investment Trust engages in the provision of access to a portfolio of international healthcare real estate infrastructure to investors. The company is headquartered in Toronto, Ontario. The company went IPO on 2010-03-23. The firm operates a portfolio of healthcare real estate comprised of interests in approximately 192 properties and 16.2 million square feet of gross leasable area located throughout the markets in Canada, Brazil, Europe, Australia and New Zealand. The company owns and manages office buildings, clinics, and hospitals from coast to coast, including Calgary, Edmonton, Toronto, Montreal, Quebec City and Halifax. The firm's properties include Glenmore Professional Centre, Polimedica Centre, Mehrower Allee, Palm Beach Currumbin Clinic, Hospital IFOR, Abbotsford Private Hospital, Belmont Private Hospital, Ekera Medical Centre, One Medical Place and Frankston Specialist Centre.

Show more
Loading
NWH.UN
S&P TSX Composite Index (Canada)
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 12, 2025
AI Summary
Q3 2025

Strong Quarter: Northwest Healthcare Properties REIT reported solid Q3 results, with operational strength, strong tenant retention, and same-property NOI up 4.4% year-over-year.

Balance Sheet Progress: Leverage and payout ratios both declined, with further improvements expected from recently announced transactions.

Strategic Actions: The REIT is pursuing asset sales in Europe and internalizing management at Vital in Australasia, aiming to simplify its business and repatriate capital to North America.

Vital Internalization: Northwest will receive NZD 214 million (about CAD 150 million net proceeds) from internalizing Vital management, which will be used to pay down debt.

Healthscope Update: Healthscope ended its rent deferral and repaid all deferred rent, with operator profitability improving across Australia.

NCIB Launched: The REIT introduced a normal course issuer bid, providing flexibility to repurchase units or debentures in the future.

Focus on Deleveraging: Proceeds from transactions are earmarked for debt reduction, with the NCIB as a later-stage capital allocation tool.

European Sale Progress: The sale process for a major portion of European assets is underway, with targeted completion of a transaction by Q1 2026.

Key Financials
Revenue from Investment Properties
$104.3 million
Same-Property Net Operating Income
$76.9 million
Same-Property NOI Growth (Australasia)
5.1%
Same-Property NOI Growth (Europe)
4.8%
Same-Property NOI Growth (Brazil)
4.6%
Same-Property NOI Growth (North America)
2.9%
Portfolio Occupancy
96.9%
Weighted Average Lease Expiry
Over 13 years
G&A Expenses (excluding unit-based/severance)
$12 million
AFFO per Unit
$0.11
AFFO Payout Ratio
85%
Available Liquidity
$250 million
Interest Rate on Credit Facilities
6%
Economic Weighted Average Interest Rate
4.8%
Vital Internalization Proceeds (Net, CAD)
$150 million
Vital Internalization Payment (NZD)
NZD 214 million
Vital Management Fees (Quarterly, 100% basis)
$5 million
Vital Management Fees (Annual, 100% basis)
$20 million
Net AFFO Contribution from Vital Fees (Annual)
$8 million
Dispositions During Q3
$35 million
Properties Held for Sale
$80 million
Leverage (Proportionate) Post-Vital Internalization
53%
Leasing Activity (Q3)
200,000 square feet
Lease Renewal Rate
90%
On-Balance Sheet European Assets
$620 million
Other Earnings Calls

Management

Mr. Craig Douglas Mitchell BComm, EMBA, FCPA
Chief Executive Officer
No Bio Available
Mr. Michael Brady
President
No Bio Available
Mr. Jan Krizan C.F.A.
Global Head of Funds
No Bio Available
Ms. Stephanie Karamarkovic
Chief Financial Officer
No Bio Available
Ms. Tracey Whittall
Chief Operating Officer
No Bio Available
Ms. Vanessa Flax
Regional General Counsel and Company Secretary
No Bio Available
Mr. Gerson Amado
Managing Director of Brazil
No Bio Available
Mr. Richard Roos
Co- Head of Australia & New Zealand
No Bio Available
Mr. Dave Casimiro
Managing Director of North America
No Bio Available
Mr. Chris Adams
Co- Head Australia & New Zealand
No Bio Available

Contacts

Address
ONTARIO
TORONTO
180 Dundas St W Suite 1100
Contacts
+14163662000.0
www.nwhreit.com