Topic: How To Invest

Q: Pat, Please, I need a recommendation on NorthWest Healthcare Properties REIT. Thanks.

Article Excerpt

A: NorthWest Healthcare Properties REIT, $13.21, symbol NWH.UN on Toronto (Units outstanding: 193.2 million; Market cap: $2.6 billion; www.nwhreit.com), owns and operates a portfolio of medical office buildings (41%) as well as hospital and healthcare facilities (59%). The REIT’s units began trading in March 2010 at $10 each. NorthWest is Canada’s largest non-government owner and operator of medical office buildings and has been steadily increasing its international exposure through acquisitions, particularly in Northern Europe and Australia. Of the REIT’s 190 properties, 71 are now in Australasia (Australia and New Zealand), 57 are in Canada, 54 are in Europe, and 8 are in Brazil. Together, they comprise over 14.5 million square feet of leasable area. The REIT has a high occupancy rate of 97.2% NorthWest’s property acquisitions pushed up the REIT’s revenue 84.0%, from $199.0 million in 2015 to $366.1 million in 2019. Revenue then rose 2.1% in 2020, to $373.8 million. Cash flow soared 187.5% between 2015 and 2019, from $39.9 million to…