Northwest Healthcare Properties Real Estate Investment Trust (OTCPK:NWHUF)
$ 3.62 0 (0%) Market Cap: 893.36 Mil Enterprise Value: 3.48 Bil PE Ratio: 0 PB Ratio: 0.70 GF Score: 65/100
Back to the Transcripts List

Q2 2024 NorthWest Healthcare Properties REIT Earnings Call Transcript

Aug 14, 2024 / 02:00PM GMT
Release Date Price: $3.47 (-4.41%)

Key Points

Positve
  • Same-store property net operating income increased by 4.2% compared to the same period last year.
  • Portfolio occupancy remains high at 97%, with a weighted average lease expiry of 13.4 years.
  • Global rent collection rate was nearly 99% as of June 30, 2024.
  • Executed 810,000 square feet of leasing deals with a retention rate of over 80%.
  • Successfully divested 23 noncore properties and unlisted securities, generating $430 million.
Negative
  • Q2 revenue from investment properties decreased by 6% over the prior year period.
  • AFFO per unit decreased to $0.09 in Q2 2024 from $0.13 in Q2 2023.
  • Interest expense remains high, although it decreased slightly to $53.8 million in Q2 2024.
  • Proportionate investment properties decreased by $300 million due to disposition activity and fair value losses.
  • General and administrative expenses increased due to professional fees for statutory and tax compliance filings.
Operator

Hello, everyone, and welcome to NorthWest Healthcare Properties REIT Q2 2024 earnings conference call. (Operator Instructions) This call is being recorded today, Wednesday, August 14, 2024.

I would now like to turn the conference over to Alyssa Barry, Investor Relations for Northwest. Please go ahead.

Alyssa Barry
NorthWest Healthcare Properties REIT - Investor Relations Advisor

Thank you, operator. Good morning, everyone, and welcome to Northwest Q2 2024 Conference Call. Thank you for joining us today. This call is being recorded, and a replay will be made available on our website at www.nwhreit.com.

Today's discussion includes forward-looking statements. As always, we want to caution you that such statements are based on management's assumptions and beliefs. These forward-looking statements are subject to uncertainties and other factors that could cause actual results to differ materially from such statements. Please see our public filings on SEDAR+, including our MD&A and

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2024 GuruFocus.com, LLC. All Rights Reserved.