Business
Northwest Healthcare Properties REIT Delivers Strong Q3 2025 Results and Advances Portfolio Strategy
Toronto, Ontario--(Newsfile Corp. - November 11, 2025) - Northwest Healthcare Properties Real Est...
About this update from Vital Infrastructure Property Trust
[{"type":"text","content":"Northwest Healthcare Properties REIT Delivers Strong Q3 2025 Results and Advances Portfolio StrategyToronto, Ontario--(Newsfile Corp. - November 11, 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 nine months ended September 30, 2025, and provides update on advances made to its portfolio strategy. Zach Vaughan, CEO of Northwest, commented, \"Our portfolio continues to benefit from the strong tailwinds supporting the healthcare infrastructure sector. We have been very active as we advanced our strategy to simplify the business while strengthening our balance sheet. The internalization of Vital and the active exploration of alternatives for our European portfolio demonstrate the actions we are taking to reduce costs, streamline our operations and reallocate capital back to North America to pursue accretive initiatives, including unit and convertible debenture buy backs through our NCIB. Looking ahead, our priority remains on execution and helping the market recognize the deep value inherent in our business.\"Q3 2025 HighlightsHighlights for Q3 2025 and events subsequent to the quarter are set out below:Revenue from investment properties was $104.3 million for Q3 2025, a decrease of 2.6% from Q3 2024, primarily reflecting the disposition of non-core assets during 2024 and 2025 year-to-date, partially offset by same property revenue growth.Same Property Net Operating Income (\"SPNOI\") increased by 4.4% to $76.9 million compared to Q3 2024, reflecting steady growth across all regions (see Exhibit 1).General and administrative expenses, excluding unit-based compensation expense and employee termination benefits and related expenses, were $12.0 million, a decrease of $0.6 million from Q3 2024, primarily due to headcount reductions and the simplification of the REIT's operations.Net income for Q3 2025 was $31.2 million, compared to net loss of $157.3 million in Q3 2024, primarily due to lower interest expense, positive fair value adjustments on investment properties and financial instruments, partially offset by lower net operating income resulting from asset dispositions.Adjusted funds from operations (\"AF...