Topic: How To Invest

Q: Pat: Can I get your opinion on NorthWest HealthCare Properties REIT. Thank you.

Article Excerpt

A: NorthWest HealthCare Properties REIT, $9.86, symbol NWH.UN on Toronto (Units outstanding: 69.3 million; Market cap: $681.5 million; www.nwhp.ca), owns 135 properties, with a focus on medical office buildings and clinics. The real estate investment trust is Canada’s largest non-government owner and operator of medical office buildings. In all, NorthWest’s properties contain 9.0 million square feet of leasable area. Its Canadian holdings are concentrated in Calgary, Edmonton, Toronto, Montreal, Quebec City and Halifax. It also owns buildings in Brazil, Germany, Australia and New Zealand. NorthWest has an overall 95.9% occupancy rate. The REIT began trading on Toronto on March 25, 2010; it offered units to the public at $10 each. In the three months ended September 30, 2016, NorthWest’s revenue rose 5.1%, to $66.5 million from $63.3 million a year earlier. Cash flow rose 2.2%, to $17.7 million from $17.3 million. Cash flow per unit fell 4.5%, to $0.21 from $0.22, on more units outstanding. The REIT recently completed acquisitions totalling $350 million. These…

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