NORTHWEST HEALTHCARE PROPERTIES REAL ESTATE INVESTMENT TRUST ANNOUNCES MAY 2024 DISTRIBUTION

view original post

TORONTO, May 15, 2024 /CNW/ – Northwest Healthcare Properties Real Estate Investment Trust (the “REIT” or “Northwest“) (TSX: NWH.UN) a leading international owner and operator of healthcare real estate infrastructure in Europe, the Americas and Australasia, announced today that the Trustees of the REIT have declared a distribution of $0.03 per unit for the month of May 2024, representing $0.36 per unit on an annualized basis. The distribution will be payable on June 14, 2024, to unitholders of record as at May 31, 2024.

NorthWest Healthcare Properties Real Estate Investment Trust logo (CNW Group/Northwest Healthcare Properties REIT)

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://nwhreit.com/investors/unitholders/distributions-reinvestment-plan.

About Northwest Healthcare Properties Real Estate Investment Trust

Northwest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (Northwest) is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT provides investors with access to a portfolio of high-quality international healthcare real estate infrastructure comprised as at March 31, 2024, of interests in a diversified portfolio of 210 income-producing properties and 17.4 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 .

This press release contains forward-looking statements which reflect the REIT’s current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein. The REIT disclaims any obligation to update these forward-looking statements.

SOURCE Northwest Healthcare Properties REIT

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/15/c5364.html