Earnings
November 27, 2020 - CPX
New! Capital Power Corp - Q3-2020 Earnings, Price Target Update .....
November 26, 2020 - INE
New! Innergex Renewable Energy Inc. Q3-2020 Earnings, Price Target Update .....
November 25, 2020 - AQN
Algonquin Power & Utilities Corp. Q3-2020 Earnings, Price Target Update .....
November 22, 2020 - TOU
Tourmaline Oil Corp. Q3-2020 Earnings, Price Target .....
November 22, 2020 - IMO
Imperial Oil Ltd, Q3-2020 Earnings, 2020 Forecast .....
November 22, 2020 - SU
Suncor Energy Inc. Q3-2020 Earnings, Price Target Update .....
November 20, 2020 - CNQ
Canadian Natural Resources Ltd Q3-2020 Earnings, Price Target .....
November 18, 2020 - RPI.UN
Richards Packaging Income Fund - Q3-2020 Earnings, Price Target Update .....
Recommendation Changes
INE, IMO, CNQ, RPI.UN, EIF, more...

Northwest Healthcare Properties REIT - Q2-2020 Earnings, Price Target Update

This is only a sample of the article, please login to view the entire article

Northwest Healthcare Properties REIT (NWH.UN-TSX) has interests in a portfolio of 183 properties comprising 15M sq. ft. as at Jun-30-2020. (171 properties comprising 14M sq. ft. as of Sept-30-2019) located near major markets in Canada, Brazil, Europe (Germany, Netherlands, UK), Australia, and New Zealand. Hospitals and health care facilities contribute 64% of net operating income, 36% is from Medical Office Buildings. Australia and New Zealand contribute 53% of net operating income, Canada, US and Brazil -36% with the balance from Europe. Properties in Canada are comprised entirely of Medical Office Buildings, Brazil is all hospitals, Europe and Australasia is split between hospitals and medical office buildings. Total assets increased to $5.5B as at Dec-31-2019 from $4.7B at Dec-31-2018. Total assets as of Jun-30-2020 were $5.3B. Approximately 70% of AFFO is earned in currencies other than Canadian dollars. This includes AUD/NZD – 28%, Euro – 17%, Brazil REAL - 25% and CAD-30%. NorthWest Value Partners Inc. (NWVP) owns 19% of Northwest Healthcare Properties REIT.

Australia/New Zealand investments provide direct exposure to a portfolio of hospital, medical centers and aged care facilities through 30% interest in Northwest Healthcare Properties Australia REIT, and a 25% interest in the New Zealand Stock Exchange (NZX) listed Vital Healthcare Properties Trust, and a 30% interest in a joint venture with an institutional investor. Northwest Healthcare Properties Australian REIT was previously Generation Healthcare Properties REIT which they formed in 2016. ANZ Management who handles property management derives fees from $3.1B of third-party assets under management is a fully integrated operation with offices in Melbourne and Auckland.

Financial

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
November 27, 2020
New! Coverage Universe - Weekly Price Change: Nov 20-27, 2020
November 25, 2020
New! Freehold Royalties Ltd - Subscription Receipts New Issue
November 21, 2020
Firm Capital Mortgage Investment Corp. Common Share New Issue
November 21, 2020
Premium Brands Holding Corp. Common Share New Issue
November 20, 2020
Coverage Universe - Weekly Price Change: Nov 13-20, 2020
November 13, 2020
Coverage Universe - Weekly Price Change: Nov 6-13, 2020
November 7, 2020
Coverage Universe - Weekly Price Change: Oct 30-Nov 6, 2020
October 30, 2020
Coverage Universe - Weekly Price Change: Oct 23-30, 2020