NWHUF - Northwest Healthcare: 3 Takeaways From Q4 Results
2024-03-18 09:25:15 ET
Summary
- NorthWest Healthcare Properties REIT delivered a good set of results for Q4-2023.
- Trouble is brewing though as interest rate caps protection is lost post-February 2024.
- Distribution coverage is weak, and a distribution cut is highly probable unless a total company sale can be executed.
Note: All amounts referenced are in Canadian Dollars
On our last coverage of NorthWest Healthcare Properties Real Estate Investment Trust ( NWH.UN:CA ), we suggested that the risks to the downside were limited as long as financial conditions remained loose. We came away with a "hold" rating unlike our earlier sell ratings (see here and here ) on the stock....
Northwest Healthcare: 3 Takeaways From Q4 Results