NorthWest Healthcare Properties REIT (TSE:NWH.UN) has released an update.
Northwest Healthcare Properties REIT is actively restructuring its portfolio by selling non-core assets and reducing debt, aiming for long-term value creation and resilience. Despite a decrease in revenue due to asset sales, the company reported a 5% increase in Same Property Net Operating Income, signifying steady growth across all regions. Strategic workforce reductions are expected to save $3.7 million annually, reflecting the REIT’s focus on enhancing operational efficiency.
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