Northwest Healthcare Properties (TSE:NWH.UN) has released an update.
Northwest Healthcare Properties REIT reported a revenue increase for Q4 2023, with an annual revenue rise of 12.3% compared to the previous year, attributed to rental lease indexation and acquisitions. Despite the positive operational performance, including a high occupancy and rent collection rate, the REIT faced a net loss for the year, largely due to fair value adjustments and increased interest expenses. The AFFO per unit decreased in Q4 2023, but the payout ratio improved from the previous year.
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