Northview Residential REIT · TSX:NRR.UN
Northview Residential REIT — Investor Presentation (January 2024)
15 slides from Northview Residential REIT's investor presentation, January 2024
Slide 1: Northview Residential REIT January 2024
Northview Residential REIT January 2024
Slide 2: Disclaimer
Disclaimer Certain information contained in this presentation constitutes forward-looking information within the meaning of applicable securities laws. Statements that reflect Northview Residential REIT’s (“Northview” or the “REIT”) objectives, plans, goals, and strategies are subject to risks, unce
Slide 3: Northview Residential REIT
Northview Residential REIT One of Canada's largest publicly traded multi-family REITs with over $2.7 billion in assets Portfolio of approximately 14,422 residential units, 200 execusuites, and 1.25 million square feet of commercial space across eight provinces and two territories Market Capitalizati
Slide 4: Northview Highlights
Northview Highlights Compelling valuation with sustainable distribution Portfolio diversification and significant scale across Canada Stable and strengthening operating performance, driving attractive SDNOI growth Prudent debt management strategy Highly experienced management team with a proven trac
Slide 5: 2023 Recapitalization Transaction
2023 Recapitalization Transaction Traditional REIT Structure Internal & Experienced Management • TSX-Listed • Internalized asset management • New Ticker: NRR.UN • Continuity of existing management team • Converted to an open-ended, perpetual vehicle • Sustainable payout ratio and distribution Portfo
Slide 6: Compelling Valuation and Attractive Yield
Compelling Valuation and Attractive Yield • Trading at a substantial discount to NAV, Northview’s high-quality portfolio and operational strength presents a compelling value proposition for investors • Northview offers an attractive distribution yield at ~8% with a sustainable payout ratio Premium /
Slide 7: Operational Performance
Operational Performance • Expansion of national footprint into strong submarkets provide further growth opportunities • Organic NOI growth to be achieved through rental rate growth and occupancy improvements, demonstrated by Northview’s track record since inception • Upward trend in Northview’s aver
Slide 8: Debt Management Strategy
Debt Management Strategy Focus on repayment of Credit Facility with over $130 Reduced overall leverage through the recapitalization million repaid to date in 20231 transaction • Reduced credit facility balance from over $500 million to just • Following the recapitalization transaction, Debt to Gross
Slide 9: Environmental, Social, and Governance (ESG)
Environmental, Social, and Governance (ESG) • Northview understands the importance of ESG and is committed to enhancing its long-term ESG strategy • The REIT assesses sustainability-related opportunities on an on-going basis, supports diversity and inclusion efforts, provides a safe and healthy envi
Slide 10: Highly Experienced Management Team With Proven Track Record
Highly Experienced Management Team With Proven Track Record Northview benefits from a highly experienced internal management team, who have intimate knowledge of the entire portfolio and a proven track record of value creation for investors Todd Cook Sarah Walker Chief Executive Officer Chief Financ
Slide 11: Proven Track Record of Acquisition Execution
Proven Track Record of Acquisition Execution • The Northview management team successfully executed $672 million of growth acquisitions for Northview Apartment REIT from 2017 to 2019, as well as the $742 million acquisition for Northview Residential REIT via the recent recapitalization transaction •
Slide 12: Strong Board of Trustees
Strong Board of Trustees Trustee Principal Occupation Daniel Drimmer1 Founder and CEO of Starlight Investments Chairman Todd Cook1 Chief Executive Officer of Northview Residential Trustee REIT Rob Kumer President and Chief Investment Officer of Trustee, Member of the Audit KingSett Capital Inc. Comm
Slide 13: Aligned Sponsors and Institutional Relationships
Aligned Sponsors and Institutional Relationships The REIT will continue to benefit from its strategic relationship with its sponsors and institutional investors: • The REIT has an established track record of executing off-market acquisitions by acquiring approximately $1.1 billion of assets through
Slide 14: Contact Information
Contact Information Cedar Manor, Lloydminster, Alberta Todd Cook Sarah Walker Chief Executive Officer Chief Financial Officer (403) 531-0720 (403) 531-0720 tcook@nvreit.ca swalker@nvreit.ca 13
Slide 15: Northview
Northview A
Northview Residential REIT — Investor Presentation (January 2024) on 6ix