NorthWest Healthcare Properties REIT (TSE:NWH.UN) has released an update.
NorthWest Healthcare Properties REIT reported a mixed second quarter for 2024, with a 6% revenue decline from the previous year due to asset disposals, but a 4.2% increase in Same Property Net Operating Income (SPNOI). The company also concluded a strategic review with the sale of its UK portfolio, resulting in total proceeds of $1.1 billion used to reduce debt. Despite facing headwinds like higher interest rates, the REIT maintains a commitment to simplifying its business and delivering sustainable growth.
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