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

Lots going on

[divime1]

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);

• 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

• 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%.

[nedstar71]

Yup, and a current NAV of $9.02. I'm guessing the market will do what the market always does when Reits post results these days, but overall things appear to be going according to plan from what I can see.  Stink bids activated.....

[spacegimp]

"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;"  this is so misleading on their part  , if you read the full report total leverage is 57% and still way too high as scotia said  . perhaps they can drop that another 3% with a large sale