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

As a REIT Investor for decades

[SNAKEYBOY]

The SP action witnessed here  past few sessions has been nothing short of sickening.   These are hospitals  we are talking about, not a penny or oil stock. And it comes  after unit price is already halved this year.

Everyone here believes NWH has the right assets, the management team is in serious question. They should have began their deleveraging last September when Powell deliverdd a hawkish jackson hole speech and it was clear the tightening cycle was well underway.  They waiting 9 months and have very little to show for it...

This does not seem like management that is on the ball

But I still hope they have enough skin in the game to get it together, and rates may be peaking shortly, so hang on tight

[TheBridge]

Don't count on the rates peaking shortly. Here's a quote from today's Bloomberg's, Five Things To Startt Your Day newletter. "Morgan Stanley is now pricing in a 25 basis point hike by the Fed in July, signaling a potential end to speculation as to wheither the Central banks will pause rate hikes to protect the economy against recession, or hike further to tamp down on

[SNAKEYBOY]

Yes but market is 6-12 months looking in future, by the time the news hits the market would have anticipated it already.  Same reason why REITS rallied before lockdowns were over

[BrainNugget]

they are not all  hospitals, they own a lot of medical office buildings and those are highly compatible with regular office space

[SNAKEYBOY]

I disagree...medical office space is less prone to "downsizing", healthcare places RARELY move (they do) but not as often as regular office tenants, and some are situated where they need to be for optimal use and/or near hospitals.  I dont see a medical building having a floor cleared out by several practitioners to go somewhere else to save a few bucks. 

[amugsgame]

In Toronto many medical offices are in mixed use buildings - there are 2 buidings near St Mike's Hospital that are an odd mix of medical / jewelry makers. The health related tenants of these buidings may not move but, in the present climate,  they will ask for rent reductions when the lease comes due. Landlords aren't going to play hardball because right now the vacancy rate is the