Topic: How To Invest

Hi Pat, I am thinking of taking a position in NorthWest HealthCare Properties REIT. I would like your opinion. Regards.

Article Excerpt

NorthWest HealthCare Properties REIT, $11.58, symbol NWH.UN on Toronto (Units outstanding: 25.2 million; Market cap: $292.3 million; www.nwhp.ca) owns 48 income-producing properties, with a focus on medical office buildings. The real estate investment trust (REIT) is Canada’s largest non-government owner and operator of medical office buildings. In all, NorthWest’s properties contain about 3.0 million square feet of leasable area. The REIT’s properties are located in B.C., Alberta, Ontario, Quebec, Nova Scotia and New Brunswick. NorthWest has a 90.3% occupancy rate. The REIT first sold units to the public for $10 each, and began trading on Toronto on March 25, 2010. In the three months ended June 30, 2010, NorthWest’s revenue was $19.8 million. Cash flow per unit was $0.27. There are no comparable year-earlier figures. NorthWest continues to grow rapidly through acquisitions. In June, it paid $21.2 million for Queen Street Place, a newly built, multi-tenant medical office building just outside of Edmonton, Alberta. In August, Northwest paid $21.1 million for…

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