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The latest announcement is out from NorthWest Healthcare Properties REIT ( ($TSE:NWH.UN) ).
Northwest Healthcare Properties REIT announced the sale of 33% of its interest in Assura PLC, amounting to 82 million shares, for approximately $70 million. This transaction, which represents a gain of over 20% compared to the REIT’s December 2024 book value, will be used to repay debt and for general trust purposes. Post-sale, Northwest will retain a 5% stake in Assura’s public float, reflecting a strategic move to optimize its financial structure while maintaining a significant investment in Assura.
More about NorthWest Healthcare Properties REIT
Northwest Healthcare Properties Real Estate Investment Trust is a prominent owner and operator of healthcare real estate infrastructure across North America, Brazil, Europe, and Australasia. The company offers investors access to a portfolio of high-quality international healthcare properties, including medical outpatient buildings, clinics, and hospitals, characterized by long-term indexed leases and stable occupancies.
YTD Price Performance: 13.68%
Average Trading Volume: 32,165
Technical Sentiment Signal: Hold
Current Market Cap: $862.3M
Learn more about NWH.UN stock on TipRanks’ Stock Analysis page.