NorthWest Healthcare Properties Real Estate Invest 10 Convert Sub Debentures 31 March 2025 T.NWH.DB.G

Opened a position at $8.21

[BlueJay2020]

Dipped my toe in the water this morning and picked up a couple of thousand shares.  Very defensive assets with long leases indexed to inflation and the support of an insitutional investor - one critical flaw (floating rate debt) which has been and is being addressed. Management seem to be on top of things and they have set out a clear roadmap by which leverage can be reduced and cost of capital brought down, increased certainty for investors and a good likelihood that the distribution will not be cut (and certainly shouldn't need a dramatic haircut that lower quality REITS have seen).

My gut is telling me we're on the cusp of a cyclical change and good quality out-of-favour REITS will bounce back from here. That's why I've also been buying Dream Office and Allied.

I might be too early but these low points for the stocks indicate the risk/reward is there for these stocks.

[DanielDarden]

Better to be early than late. This appears to be a critical point for NWH as the press release is certainly encouraging. If they fail to deliver on their outlook, credibility will be tested. Meanwhile, I am following your path as the management appears capable of delivering and have been upfront always. Most will wait until it is obvious and will buy higher.

[CHECKMATE77]

I held for a few years, sold last summer at 11 and change . I do not trust mgt and got out. Note-- trust has never increased its dividend , of which over 40% is return of capital. As for office , allied may be ok, dream not sure . take a look at net net reits, like Wpc or O , far better companies, and look for a history of increasing dividends.   Cash flow this year will be less the in

[BlueJay2020]

Not sure why you on this board if you're out and have no intention of getting back in?  I don't care about ROC as my holding is and will be in a registered account.  The key stat is AFFO and whether cash can cover the distribution.  I beleve it can.  At 10% divi, I don't need increases.  One way or another, a 10% yield is not sustainable, but I am prepared to

[Inglewood]

Take it easy Bluejay... everyone is entitled to their opinion, and they can follow the board for whatever reason they like. Don't be a hater!!

[DanielDarden]

If he/she truly does not trust management, one would not be interested in the future prospects of the co. Obviously, the post is designed to buy units more cheaply before they rise. Does he/she really think that somebody is going to sell because of the negative post? Not!