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Real estate industry

Northwest Healthcare Properties REIT Announces October 2024 Distribution

Strategic Insights

— 1 min read

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

Key Takeaways:

  • Northwest Healthcare Properties REIT declared a distribution of $0.03 per unit for the month of October 2024.
  • The annualized distribution for the year is $0.36 per unit.
  • The distribution will be payable on November 15, 2024, to unitholders of record as at October 31, 2024.
  • The REIT offers a distribution reinvestment plan (DRIP) that allows eligible unitholders to reinvest their cash distributions to purchase additional Trust Units.
  • Under the DRIP, eligible unitholders receive bonus units equal to 3% of their cash distributions.
  • The REIT has a global workforce in eight countries serving as a long-term real estate partner to leading healthcare operators.
  • Northwest provides investors with access to a portfolio of high-quality international healthcare real estate infrastructure, comprising 186 income-producing properties and 16.1 million square feet of gross leasable area.

Statistics:

  • Distribution for October 2024: $0.03 per unit
  • Annualized distribution: $0.36 per unit
  • Distribution payable date: November 15, 2024
  • Record date for distribution: October 31, 2024
  • Number of income-producing properties: 186
  • Gross leasable area: 16.1 million square feet
  • Countries where the REIT operates: 8
  • Countries where the REIT has a global workforce: 8

Sources:

  • Newsfile Corp. (October 11, 2024)
  • Northwest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN)
  • Northwest Healthcare Properties REIT website: https://www.nwhreit.com
  • NWHLF Release to Newsfile Corp. dated October 11, 2024

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