Northwest Healthcare Properties (TSE:NWH.UN) has released an update.
Northwest Healthcare Properties REIT reported solid Q1 2024 performance with a global occupancy rate of 96.5% and a slight revenue dip to $133.5 million due to asset sales, offset by rental increases. Net Loss decreased significantly to $38.6 million, and the company made progress toward becoming an institutional-quality healthcare REIT, backed by strong leasing and Same Property NOI metrics. Over $200 million in property dispositions were completed, aiding debt repayment and improving the balance sheet.
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