Northwest Healthcare Properties Real Estate Investment Trust Releases First Quarter 2021 Results
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TORONTO, May 13, 2021 /CNW/ - NorthWest Healthcare Properties Real Estate Investment Trust (the REIT ) (TSX: NWH.UN), Canada s leading global diversified healthcare real estate investment trust, today announced its results for the three months ended March 31, 2021.
Commenting on the activity, Paul Dalla Lana, CEO of the REIT, said: 2021 has gotten off to a strong start with the REIT raising approximately $280 million of new equity and significantly reducing leverage, advancing its life sciences strategy with inaugural acquisitions in both Canada and Europe, as well as strong momentum in its global asset management initiatives.
Listed property trust says its defensive portfolio weathered the storm.
Vital Healthcare Property Trust, the fourth largest listed property vehicle and the only specialist healthcare landlord on the NZX, has had a buoyant half year to December 31st, 2020 as the global pandemic underlined the primacy of healthcare.
The owner of a trans-Tasman $2.25 billion healthcare property portfolio, of which 28% sits in New Zealand and 72% in Australia, said the company’s results despite the Covid pandemic highlighted Vital’s defensive characteristics.
The trust, externally managed by a subsidiary of Toronto-listed, global healthcare real estate owner and manager, NorthWest Healthcare Properties, increased its post-tax property income by 7.5% (excluding foreign exchange
Vital Healthcare Property Trust half-year profit up 60%, boosted by $61m revaluations
24 Feb, 2021 08:14 PM
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Vital Healthcare Property Trust pushed net profit after tax up 60 per cent in its latest half-year results.
The business which owns 42 hospitals, outpatient, specialist and medical centres here and in Australia declared a $91m net profit after tax for the six months to December 31, 2020.
Revenue rose 8.5 per cent to $54m, up on the previous corresponding period s $49m but the bottom line was boosted by property revaluations which came in at $61m.
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Vital manager NorthWest Healthcare Properties Management said the NZX listed trust s defensive portfolio helped it record a 19.8 per cent total return for the 12 months ended December 31, outperforming the S&P/NZX REIT Index by 15.4 per cent and the broader S&P/NZX 50 index by 5.9 per cent.
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