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

Why the debt trouble?

[garyreins]

Lots of pure play reits like Riocan, PMZ, FCR, DIR that are not "office" or B-class properties are able to have a capital structure that stabilizes AFFO/FFO and are doing well.  

Their debt to GBV is still 50% why they just need to swap floating debt for fixed 

I mean dont these guys know how to clean things up and run a REIT like conventional structure

not many got taken to the cleaners like NWH did

[hroark7]

I've been following NWH since 2014 and even owned it for awhile (sold at a profit). Paul Dalla Lana built a machine that was hyper-optimized for a continually decreasing interest rate rate environment. The business model was simple: 1. Issue shares to raise money 2. Borrow even more money 3. Buy accretive assets 4. Stock price increases 5. Go back to 1 They did this like clockwork every