TSX:NWH.DB.G - Post by User
Post by
divime1on Nov 14, 2024 8:47pm
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Post# 36314070
Lots going on
Lots going on in the last quarter . Everything should settle down in a few quarters . There were also many positives . -
AFFO payout ratio in Q3 2024 of 99% compared to 122% in Q3 2023 (183% in Q3 2023 excluding impact of interest rate caps) (see Exhibit 2);
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The REIT's leverage at the end of Q3 2024 was 43.6% (49.2% including convertible debentures) as compared to 47.7% (51.9% including convertible debentures) at December 31, 2023; and
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Continued strong operating performance in Q3 2024 was underpinned by a long-term lease maturity profile with a weighted-average lease expiry ("WALE") of 13.4 years, a global portfolio occupancy rate of 96.1%, and a global rent collection rate of 99%.