Northview Residential REIT · TSX:NRR.UN
Northview Residential REIT — Investor Presentation (April 2024)
21 slides from Northview Residential REIT's investor presentation, April 2024
Slide 1: Investor Presentation April 2024
Investor Presentation April 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
TSX: NRR.UN Northview Residential REIT Northview is one of Canada's largest publicly traded multi-residential REITs with over $2.7 billion in assets uniquely positioned in secondary markets across Canada Our Portfolio NOI% by Region 45% 14,422 Multi-Residential Suites Northern Canada 2,486 multi-res
Slide 4: Investment Thesis
TSX: NRR.UN Investment Thesis Northview’s diversified portfolio and strong operational performance position it to generate earnings growth and Unitholder value Compelling Sustainable Strong Active Debt 1 Valuation 2 Distributions 3 Operations 4 Management Same Door Leverage Reduction Discount to NAV
Slide 5: Compelling Valuation & Sustainable Distributions
1 2 3 4 Compelling Valuation & Sustainable Distributions Compelling Valuation & Sustainable Distributions Northview has a compelling valuation proposition earning an attractive yield with a sustainable payout ratio while closing the significant trading discount to NAV Premium / (Discount) to NAV 1,2
Slide 6: Solid Multi-Residential Fundamentals
1 2 3 4 Solid Multi-Residential Fundamentals Strong Operations Housing supply shortage, high immigration, and higher mortgages are expected to continue to drive strong rental demands CONTINUED HIGH POPULATION GROWTH HOUSING SUPPLY SHORTAGE • The Canadian population in 2023 is up 1.25 million1 • Nati
Slide 7: Strong Multi-Residential Performance
1 2 3 4 Strong Multi-Residential Performance Strong Operations Northview’s multi-residential portfolio has solid NOI growth and continued to be supported by strong housing fundamentals Key Insights Growth in Same Door Occupancy • Same door multi-residential NOI increased 6.2% Same Door Multi-Residen
Slide 8: Steady Commercial & Execusuites Performance
1 2 3 4 Steady Commercial & Execusuites Performance Strong Operations The Commercial and Execusuite portfolio offers consistent and steady revenue to Northview’s portfolio, and solidly anchored by government and credit-rated corporations Key Insights Key Observations Commercial portfolio consists of
Slide 9: Active Debt Management
1 2 3 4 Active Debt Management Active Debt Management Northview’s debt management strategy focuses on floating interest rate exposure reduction and improving overall leverage Floating Interest Rates Exposure Reduction Leverage Improvement % of Fixed Rate Debt Debt to GBV 69.5% 77.0% 56.0% 65.1% 2022
Slide 10: 2023 Recapitalization Transaction
2023 Recapitalization Transaction Recent acquisitions and financial strategies have established a foundation for future growth opportunities Traditional REIT Structure • TSX-Listed • New ticker symbol: NRR.UN • Converted to an open-ended, perpetual vehicle • Sustainable payout ratio and distribution
Slide 11: Aligned Sponsors and Institutional Relationships
Aligned Sponsors and Institutional Relationships Northview benefits from a strong Board of Trustees and Institutional support Board of Trustees Daniel Drimmer1, Chairman Daniel is the Founder and Chief Executive Officer of Starlight Investments and has 5% led significant amounts of real estate trans
Slide 12: Northview's Experienced Management Team
Northview’s Experienced Management Team Northview has a highly experienced internal management team, who have a proven track record of value creation for investors Todd Cook Sarah Walker Karl Bomhof Linay Freda President & Chief Executive Officer Chief Financial Officer Vice President, General Couns
Slide 13: Environmental, Social, and Governance (ESG)
Environmental, Social, and Governance (ESG) Northview understands the importance of prioritizing ESG and is committed to enhancing its long-term ESG strategy OUR COMMITMENTS The REIT assesses sustainability-related opportunities on an on-going basis, supports diversity and inclusion efforts, provide
Slide 14: Contact Information
Contact Information Todd Cook President & Chief Executive Officer tcook@nvreit.ca Sarah Walker Chief Financial Officer swalker@nvreit.ca General Investor Inquiries investorrelations@nvreit.ca (403) 531-0720 Investor Presentation | 14
Slide 15: Appendix
Appendix
Slide 16: Western Canada
Western Canada British Columbia Fort Nelson, BC • Northern BC’s economy has a predominant focus on the energy sector, which includes large hydroelectric dams, Taylor, BC biomass facilities and wind farms. Fort St. John, BC • The real estate market in Northern BC has historically relied Slake Lake, A
Slide 17: Northern Canada
Northern Canada • Northview is the largest private sector landlord and owner of income producing properties in these territories. Arctic Bay, NU • The territories are Northview’s largest source of income and Pond Inlet, NU best performing region with approximately 65% of rental Inuvik, NT revenue fr
Slide 18: Atlantic Canada
Atlantic Canada New Brunswick • Sustained demand for rental properties in a region that was less impacted by the pandemic. • The economy in New Brunswick is closely tied to its export and Labrador City, NL primary sector or production are agriculture, aquaculture, forestry, mining and manufacturing.
Slide 19: Central Canada
Central Canada Manitoba • Winnipeg is home to many of Canada’s leading international agribusiness companies, Western Canada’s hub for advanced manufacturing, and has the largest centre for transportation manufacturing in North America. Other major industries include Aerospace, Finance, Food and Hosp
Slide 20: Commercial and Execusuite Portfolio
Commercial and Execusuite Portfolio • Commercial portfolio consists of office, warehouse, and retail including mixed-used residential and commercial properties, and execusuites offer Inuvik, NT apartment-style accommodations Iqaluit, NU • Total commercial square footage of 1.25 million sq. ft. (~757
Slide 21: Northview
Northview J
Northview Residential REIT — Investor Presentation (April 2024) on 6ix