Toronto, Ontario--(Newsfile Corp. - November 15, 2024) - Northwest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (the "REIT" or "Northwest"), a leading owner and operator of healthcare real estate infrastructure in North America, Brazil, Europe and Australasia, announced today that the Trustees of the REIT have declared a distribution of $0.03 per unit for the month of November 2024, representing $0.36 per unit on an annualized basis. The distribution will be payable on December 13, 2024, to unitholders of record as at November 29, 2024.
Northwest offers a distribution reinvestment plan (the "DRIP"). On each distribution date, eligible unitholders registered in the DRIP will have their cash distributions reinvested to purchase Trust Units and will also receive bonus Trust Units equal to 3% of their cash distributions. Complete details of the DRIP are available on the REIT's website at https://www.nwhreit.com/investors/unitholders/distributions-reinvestment-plan.
About Northwest
Northwest provides investors with access to a portfolio of high-quality international healthcare real estate infrastructure comprised as at November 14, 2024, of interests in a diversified portfolio of 185 income-producing properties and 16.1 million square feet of gross leasable area located throughout major markets in North America, Brazil, Europe and Australasia. The REIT's portfolio of medical office buildings, clinics, and hospitals is characterized by long-term indexed leases and stable occupancies. Northwest leverages its global workforce in eight countries to serve as a long-term real estate partner to leading healthcare operators. For additional information, please visit: www.nwhreit.com.
Contacts:
Craig Mitchell, CEO, Craig.Mitchell@nwhreit.com,
Stephanie Karamarkovic, CFO, Stephanie.Karamarkovic@nwhreit.com,
Alyssa Barry, Investor Relations, Alyssa.Barry@nwhreit.com, investors@nwhreit.com, (416) 366-2000 Ext. 2202
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230056
SOURCE: Northwest Healthcare Properties REIT
