Northwest Healthcare Properties REIT Announces Distribution for July 2024

Strategic Insights -

Northwest Healthcare Properties REIT has declared a distribution of $0.03 per unit for the month of July 2024, representing $0.36 per unit on an annualized basis. This distribution will be paid to unitholders of record as at July 31, 2024, and will be payable on August 15, 2024. The REIT also offers a distribution reinvestment plan (DRIP), which allows eligible unitholders to reinvest their cash distributions to purchase Trust Units and receive bonus Trust Units equal to 3% of their cash distributions.

Key Takeaways:

  • The REIT has declared a distribution of $0.03 per unit for July 2024, totalling $0.36 per unit on an annualized basis.
  • The distribution will be paid on August 15, 2024, to unitholders of record as at July 31, 2024.
  • Northwest offers a distribution reinvestment plan (DRIP) that allows eligible unitholders to reinvest their cash distributions.
  • Under the DRIP, unitholders will receive bonus Trust Units equal to 3% of their cash distributions.
  • The REIT serves as a long-term real estate partner to leading healthcare operators, with a portfolio of 210 income-producing properties and 17.4 million square feet of gross leasable area.
  • Northwest provides investors with access to a high-quality international healthcare real estate infrastructure, with a global workforce in eight countries.

Statistics:

  • Distribution amount: $0.03 per unit
  • Annualized distribution: $0.36 per unit
  • Distribution payment date: August 15, 2024
  • Record date: July 31, 2024
  • Total portfolio size: 210 income-producing properties
  • Total gross leasable area: 17.4 million square feet
  • Number of countries with a global workforce: 8

Sources:

  • Northwest Healthcare Properties Real Estate Investment Trust (Newsfile Corp. - July 15, 2024)