TSX:NWH.DB.G - Post by User
Post by
garyreinson Mar 14, 2024 10:31pm
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Post# 35934129
Investor presentation online
Investor presentation onlineNAV has fallen from $13 high to $10.96 currently
https://cms.nwhreit.com/wp-content/uploads/2024/03/NWH-REIT-Q4-2023-Investor-Update.pdf
Interesting they have a "strategic review process (disposition update)" slide that states: During FY23, Northwest divested $495.2 million(1) of its non-core assets and securities.
I suspect they are trying to pay off as much debt as they can in a prudent manner through asset sales then maybe a buyer will take the reit out in better shape....
either way the debt maturties in 2025 look scary. can these guys even have any decent AFFO/equity with high interest rates?
SELL IT ALL I SAY