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Northwest Healthcare Properties Real Estate Investment Trust Reports Second Quarter 2025 Results, Suspends Its Distribution Reinvestment Plan, and Appoints Zachary Vaughan to the Board of Trustees
Toronto, Ontario--(Newsfile Corp. - August 12, 2025) - Northwest Healthcare Properties Real Estat...
About this update from Vital Infrastructure Property Trust
[{"type":"text","content":"Northwest Healthcare Properties Real Estate Investment Trust Reports Second Quarter 2025 Results, Suspends Its Distribution Reinvestment Plan, and Appoints Zachary Vaughan to the Board of TrusteesToronto, Ontario--(Newsfile Corp. - August 12, 2025) - Northwest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (the \"REIT\" or \"Northwest\"), a global investor and operator of healthcare infrastructure assets in North America, Australasia, Brazil, and Europe, announces results for the three and six months ended June 30, 2025. In addition, the REIT announces the suspension of its distribution reinvestment plan (the \"DRIP\") and the appointment of Zachary Vaughan to the Board of Trustees (the \"Board\").Zachary Vaughan, CEO of Northwest, commented, \"Having just joined Northwest in July, I am excited by the caliber of the portfolio and the strength of the team. The assets we own and operate are critical components of healthcare infrastructure. Our assets have long-term demand drivers, recession-resistant cash flows and very low obsolescence risk. Our cash flows are backed by outstanding underlying credit, often government supported, with long-term indexation. Given Northwest's unique position as a leader in healthcare infrastructure, we are well positioned for future growth.\"Our Q2 2025 results reflect continued operational momentum, with improvements in AFFO per unit, a lower payout ratio, and continued execution of our capital recycling strategy with over $282 million in non-core asset sales completed year to date.\"Looking ahead, we're focused on disciplined capital allocation and unlocking value through strategic asset management and selective dispositions. This will provide us with flexibility to further reduce debt, reinvest in our core portfolio, and pursue accretive growth opportunities that drive long-term value for unitholders.\"Q2 2025 HighlightsHighlights for Q2 2025 and events subsequent to the quarter are set out below:Revenue from investment properties was $99.0 million for Q2 2025, a decrease of 16.9% from Q2 2024 driven by the disposition of non-core assets during 2024 and 2025 to date, partially offset by solid same property revenue growth; Same Property Net Operating Income (\"SPNOI\") increased by 2.8% to $73.2 million for Q2 2025, over Q2 2024, reflecting steady growth across all regio...