Northwest Healthcare Properties Announces Distribution for September 2024

Strategic Insights -

Northwest Healthcare Properties Real Estate Investment Trust, a leading owner and operator of healthcare real estate infrastructure, has announced a distribution of $0.03 per unit for the month of September 2024. This represents an annualized rate of $0.36 per unit. The distribution will be payable on October 15, 2024, to unitholders of record as at September 30, 2024. Notably, the REIT offers a distribution reinvestment plan, which allows eligible unitholders to reinvest their cash distributions to purchase additional Trust Units and receive bonus units.

Key Takeaways:

  • Northwest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) has declared a distribution of $0.03 per unit for September 2024, representing $0.36 per unit on an annualized basis.
  • The distribution will be payable on October 15, 2024, to unitholders of record as at September 30, 2024.
  • The REIT offers a distribution reinvestment plan, which allows eligible unitholders to reinvest their cash distributions.
  • Under the DRIP, unitholders receive bonus Trust Units equal to 3% of their cash distributions.
  • The REIT's portfolio comprises 186 income-producing properties and 16.1 million square feet of gross leasable area across North America, Brazil, Europe, and Australasia.
  • Northwest's global workforce in eight countries serves as a long-term real estate partner to leading healthcare operators.

Statistics:

  • Distribution for September 2024: $0.03 per unit
  • Annualized distribution rate: $0.36 per unit
  • Number of income-producing properties: 186
  • Gross leasable area: 16.1 million square feet
  • Countries where Northwest has a workforce: 8

*.Time period: September 2024 - October 15, 2024

Sources:

  • Northwest Healthcare Properties Real Estate Investment Trust press release, September 13, 2024.