Business
Northwest Healthcare Properties Real Estate Investment Trust Announces Inaugural Issuer Credit Rating of BBB (low) With a Stable Trend by Morningstar DBRS
Toronto, Ontario--(Newsfile Corp. - February 5, 2025) - Northwest Healthcare Properties Real Esta...
About this update from Vital Infrastructure Property Trust
[{"type":"text","content":"Northwest Healthcare Properties Real Estate Investment Trust Announces Inaugural Issuer Credit Rating of BBB (low) With a Stable Trend by Morningstar DBRSToronto, Ontario--(Newsfile Corp. - February 5, 2025) - 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 Morningstar DBRS has assigned the REIT an investment-grade issuer credit rating of BBB (low), with a stable trend. \"Today marks a significant milestone for Northwest. This rating affirms the strength of our global healthcare real estate portfolio, diverse tenant base, and high-quality operating platform. This achievement further reinforces our strategic objectives of building a resilient and institutional-quality healthcare REIT,\" said Craig Mitchell, CEO of Northwest. \"The assignment of an investment-grade credit rating validates our execution and progress towards strengthening the balance sheet. While we have significantly reduced leverage and improved our cost of capital, our focus remains on further strengthening our financial position,\" said Stephanie Karamarkovic, CFO of Northwest. About NorthwestNorthwest 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 outpatient 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, [email protected],Stephanie Karamarkovic, CFO, [email protected],Alyssa Barry, Investor Relations, [email protected], [email protected], (416) 366-2000 Ext. 2202FORWARD-LOOKING STATEMENTSCertain statements contained in this news release constitute forward-looking information within the meaning of applicable securit...