Canada's Northwest Healthcare REIT Q4 revenue rises 4.8% yr/yr

Overview

• Healthcare infrastructure REIT's Q4 revenue rose 4.8% yr/yr

• Net loss for Q4 was $27 mln, primarily due to internalization and FX losses

• Company announced name change to Vital Infrastructure Property Trust

Outlook

• Company plans to sell European portfolio for €400 million in Q2 2026

• Northwest to develop C$112 mln health services building in Canada by Q4 2029

• Company aims to reduce leverage and enhance liquidity through asset sales

Result Drivers

• REVENUE GROWTH - Revenue increased 4.8% driven by same-property growth and FX impacts, offset by asset dispositions

• SPNOI INCREASE - Same Property NOI rose 3.0% due to inflationary rent adjustments and improved recoveries

• LEVERAGE REDUCTION - Leverage decreased due to debt repayments funded by asset sales and capital initiatives

Company press release: ID:nNFC20vtl9

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the specialized reits peer group is "buy."

• Wall Street's median 12-month price target for Northwest Healthcare Properties REIT is C$6.00, about 0% below its February 24 closing price of C$6.00

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.